Kaizen is a Japanese term meaning:
A) a foolproof mechanism.
B) just-in-time (JIT).
C) a fishbone diagram.
D) setting standards.
E) continuous improvement.
E
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If the contribution margin on a new product line is $15, fixed costs are $165,000, and the total market for the product is 22,000 units, then the breakeven analysis would recommend that the company
a. abandon the new product line. b. decrease the sales price per unit. c. increase fixed costs (such as advertising) to lower the breakeven units. d. adopt the new product line.
You are directed to study the cultural, economic, technological, political, and legal factors that are larger forces affecting your company. What are you studying?
A) the macroenvironment B) the microenvironment C) the business market D) the marketing mix E) the global environment
Which of the following is a major step to be followed when using the multiple options close?
A) Review methods of payment. B) Create one solid product configuration for the client. C) Include all the bestselling products in the configuration. D) Introduce new products during a lull in the conversation. E) Concentrate on the options the prospect seems to be interested in.
The financial statement effects of the budgeting process are summarized on the cash budget and the capital expenditures budget.
Answer the following statement true (T) or false (F)