A company's close competitors are ________
A) considered "bad" competitors
B) a serious threat and hence, must be attacked rather than ignored
C) those that most resemble the company's operations
D) typically ignored as they seldom pose any threat
E) the sole focus of successful companies
C
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When consumers use Tide TOTALCARE laundry detergent, which is used by consumers who want to obtain dry-cleaning type results at home, it is an example of ________, or switching spending from one category to another while preserving a desired
experience. A) trading up B) trading down C) trading over D) being trapped in the middle E) treasure hunting
Clay Inc. has two divisions, Myrtle and Laurel. Following is the income statement for the previous year: Myrtle Laurel TotalSales$560,000 $336,000 $896,000Variable Costs 176,000 174,000 350,000Contribution Margin 384,000 162,000 546,000Fixed Costs (allocated) 284,375 170,625 455,000Profit Margin$99,625 $(8,625) $91,000What would Clay's profit margin be if the Laurel division was dropped and all fixed costs are unavoidable?
A. $384,000 profit B. $99,625 profit C. $91,000 profit D. $71,000 loss
"Matching principle" is best described as:
A) the principle that a revenue should be recorded when a resource has been earned. B) an increase in resources resulting from the sale of goods or the provision of services. C) the principle that expenses should be recorded in the period resources are used to generate revenues. D) an increase in the financing activities.
Identify the prepositional phrase or prepositional phrases in the sentence. Have you looked at the weather since last night?