In U.S. industry, the proportion of externally purchased materials in the overall cost of goods sold has been ______ for several decades.

What will be an ideal response?


rising (or increasing or growing)

Business

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Some global marketers make the strategic decision to establish a presence on the Web without offering transaction opportunities even though the product could be sold that way. Such sites are known as:

A) company sites. B) transaction sites. C) promotion sites. D) content sites. E) cyber sites.

Business

If incremental revenues beyond split-off are less than incremental costs, a product should be sold at the split-off point

Indicate whether the statement is true or false

Business

Which of the following is true of the Restatement of the Law of Contracts?

A) It serves as a reference for guidance in contract disputes. B) It does not identify negotiable instruments as formal contracts. C) Its goal is to create a uniform system of commercial law among the 50 states. D) It is the absolute federal law for contracts drafted in the U.S.A.

Business

Which of the following statements is true with regard to the current global business environment?

a. Companies are competing in a very complex environment. b. Companies are well equipped to deal with challenges in the current environment. c. Turbulence in the trade environment is declining. d. Free trade has increased the complexity of global business.

Business