_____ means new entrants to an industry face existing products and services with loyal customers who are not likely to switch easily to something new.
A. Distribution accessibility
B. Economies of scale
C. Brand loyalty
D. Keystroking
E. Product differentiation
Answer: C
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The use of the unaudited financial statements for ratio analysis is preferable because it reflects the firm's true financial condition
Indicate whether the statement is true or false
A company sold inventory for $1,200 that was purchased for $700. The company records which of the following when it sells the inventory using a perpetual inventory system?
A. No entry is required for cost of goods sold and inventory. B. Debit Inventory $700; credit Cost of Goods Sold $700. C. Debit Cost of Goods Sold $1,200; credit Inventory $1,200. D. Debit Cost of Goods Sold $700; credit Inventory $700.
What are the overhead rates used to apply material handling (MH) and storage costs (SC) using activity-based costing?
Assume that a pet food manufacturer is considering adding two types of pet food to its existing product line. Research had determined that good demand exists for dog food in 40-pound bags and cat food in 0.5 pound cans.
The company identified the following partial list of activities, costs, and activity drivers expected for the next year:
A) MH $300/batch; SC $2.73/unit.
B) MH $300/batch; SC $.20/lb.
C) MH $525/batch; SC $.205/unit.
D) MH $700/batch; SC $.205/lb.
E) MH $700/batch; SC $8.20/lb.
Claymore Corp. has the following information about its standards and production activity for September. The volume variance is:
A) $1,295U.
B) $1,295F.
C) $2,400U.
D) $2,400F.
E) $3,695U.