Retailing is best characterized as
A. large organizations that carry wide and deep product mixes.
B. transactions in which the buyer intends to consume the product through personal, family, or household use.
C. arrangements whereby a supplier grants a dealer the right to sell its products.
D. transactions in which the purchaser intends to use the product for resale or for business operations.
E. exchanges that take place only in a store or service establishment.
Answer: B
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a. True b. False
Aggregate planning is concerned with determining
A) the production level, sales level, and capacity for each period. B) the demand level, inventory level, and capacity for each period. C) the production level, inventory level, and capacity for each period. D) the production level, staffing level, and capacity for each period.
Acton Company is a price-taker and uses target pricing
Refer to the following information: Production volume 602,000 units per year Market price $30 per unit Desired operating income 17% of total assets Total assets $13,700,000 Variable cost per unit $17 per unit Fixed cost per year $5,500,000 per year With the current cost structure, Acton cannot achieve its profit goals. It will have to reduce either the fixed costs or the variable costs. Assuming that variable costs cannot be reduced, what are the target fixed costs per year? Assume all units produced are sold. A) $5,497,000 B) $5,500,000 C) $12,560,000 D) $10,234,000