Under the UCC, a modification to a contract for the sale of goods needs no consideration to be binding
a. True
b. False
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
1) In a multi-step income statement, interest revenue and interest expense are included in operating income. 2) On a multi-step income statement, merchandisers report operating expenses in two categories—selling expenses and administrative expenses. 3) Sales Revenue is recorded net of sales discounts, so it is labeled Net Sales Revenue on the income statement. 4) On a multi-step income statement, Sales Discounts Forfeited is reported as part of operating income. 5) Net sales revenue is sales revenue less sales discounts and estimated sales returns and allowances.
________ buy mostly from producers and sell to retailers, institutions, and government agencies
A) Nonstore retailers B) Factory outlets C) Wholesalers D) Discount stores E) Superstores
A pitfall to avoid in pursuing a differentiation strategy is
A. meeting and exceeding the meaningful gaps in quality, performance, service, and other attractive differentiating attributes offered by rivals. B. choosing a product offering that supports buyers' indifference to rival brands' offerings. C. trying to differentiate on the basis of attributes or features that are easily and quickly copied. D. spending on activities to differentiate the company's product to enhance profitability. E. charging a premium price for the differentiating features.
An example of organizational assets is:
a. Special manufacturing know-how b. Cheap suppliers c. Money in the pocket d. The school that senior managers attended