Which of the following factors is classified as a competitive factor?
A. Economic conditions
B. Social changes
C. Bargaining power of vendors
D. Market growth
E. New technology
Answer: C
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Answer the following statements true (T) or false (F)
1. In a vertical analysis of the balance sheet, each line item is shown as a percentage of stockholders' equity. 2. Vertical analysis involves comparing an amount for a line item in the financial statements with a corresponding amount for the line item of the previous year. 3. In a vertical analysis of the income statement, each line item is shown as a percentage of net income. 4. Martin Company's cost of goods sold is 40% of net sales revenue. This means that for every $1 of net sales revenue, Martin has $0.60 of gross profit. 5. In 2018, Spirit Company's net income was 10% of net sales revenue. In 2019, the net income was 5% of net sales revenue. There is no need for investors to be alarmed because a drop from 10% to 5% is not significant.
It is reasonable to use the ______ conflict management strategy when the issue at hand is something of little importance to you.
A. acclimation B. collaboration C. competition D. accommodation
Which of the following statements about African American buying patterns is most accurate?
A. African Americans are not price conscious. B. There are very few differences in the consumption patterns of African Americans and Caucasians. C. The typical African American family is five years older than the typical Caucasian family. D. African American purchase behavior is still affected by the historical deprivation in employment and educational opportunities in the United States. E. African American men spend more on health and beauty products than Caucasian men do.
Which of the following best illustrates discrepancy of quantity?
A. Four firms make over 90 percent of all the tires sold in the United States. B. Michelin makes tires, but most consumers also want a large selection of car-care services. C. Some stores sell large quantities of Michelin tires but only small quantities of tires made by other companies. D. Michelin made millions of tires last year, but most customers bought only one set. E. There are over 310 million consumers in the United States, but only a small portion buy tires in any given year.