When markup is based on selling price, the cost is 100%.
Answer the following statement true (T) or false (F)
False
When markup is based on selling price, the selling price is 100%.
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The purpose of profitability control is to ________
A) examine whether the planned results are being achieved B) examine where the company is making and losing money C) evaluate and improve the spending efficiency and impact of marketing expenditures D) examine whether the company is pursuing its best opportunities with respect to markets, products, and channels E) understand the efficiency of the sales force, advertising, sales promotion, and distribution
Answer the following statement(s) true (T) or false (F)
16. Using historical data will only provide insights into past behaviors—they cannot predict how people might react to new products and innovations. 17. Entrepreneurs have more freedom to experiment than larger organizations, as they have less to lose. 18.Entrepreneurs are more likely to generate new business ideas if they stick to a routine of familiar experiences. 19. Taking apart a product or a process to understand how it works can help an entrepreneur generate new ideas. 20. A written description of a product is a better way to generate discussion from potential customers than a storyboard. 21. When there is insufficient data available, intuition and experience are reliable to use to make decisions.
Combination forecasting is most effective when the techniques being combined contribute different kinds of information to the forecasting process
Indicate whether the statement is true or false
The future value of a dollar ________ as the interest rate increases and ________ the further in the future an initial deposit is to be received
A) decreases; decreases B) decreases; increases C) increases; increases D) increases; decreases