The intensity of competition is greatest among retailers when
A. price dominates the retail mix.
B. they focus on a narrow demographic trend.
C. their retail offerings are considered to be similar.
D. they resort to scrambled merchandising.
E. they offer a limited range of products and services.
Answer: C
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Refer to the following selected financial information from Shakley's Incorporated. Compute the company's return on total assets for Year 2. Year 2Year 1 Net sales $ 484,000 $ 427,350 Cost of goods sold 277,400? 251,220? Interest expense 10,800? 11,800? Net income before tax 68,350? 53,780? Net income after tax 47,150? 41,000? Total assets 319,300? 294,600? Total liabilities 175,900? 168,400? Total equity 143,400? 126,200?
A. 22.3%. B. 9.7%. C. 15.4%. D. 2.8%. E. 14.8%.
Russnak Corporation is investigating automating a process by purchasing a new machine for $198,000 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $68,000 per year in cash operating costs. The company's current equipment would be sold for scrap now, yielding $18,000. The annual depreciation on the new machine would be $22,000. (Ignore income taxes.)Required:Determine the simple rate of return on the investment to the nearest tenth of a percent.
What will be an ideal response?
The rights and remedies of secured parties are not cumulative¾if a creditor is unsuccessful in enforcing rights by one method, he or she cannot pursue another method.
Answer the following statement true (T) or false (F)
Which of the following restricts the information the U.S. federal government can collect and regulates what it can do with the information?
A) Privacy Act of 1974 B) Gramm-Leach-Bliley Act of 1999 C) Freedom of Information Act D) HIPAA of 1996 E) Fair Information Practices Act of 1973