Because quality is subjective, all customers have the expertise to assess the quality and value they receive
Indicate whether the statement is true or false
False
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Use the information below to answer the following question(s):Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts.Increase = I Decrease = D No Effect = NAGarrison Company recognized $4,000 of service revenue earned on account.
What will be an ideal response?
The traditional marketing strategy of selling umbrellas when it is raining is an example of how ________ factors influence consumers' decisions.
A. situational B. shopping C. economic D. interpersonal E. psychological
Which of the following statements is CORRECT?
A. When fixed assets are added in large, discrete units as a company grows, the assumption of constant ratios is more appropriate than if assets are relatively small and can be added in small increments as sales grow. B. Firms whose fixed assets are "lumpy" frequently have excess capacity, and this should be accounted for in the financial forecasting process. C. For a firm that uses lumpy assets, it is impossible to have small increases in sales without expanding fixed assets. D. There are economies of scale in the use of many kinds of assets. When economies occur the ratios are likely to remain constant over time as the size of the firm increases. The Economic Ordering Quantity model for establishing inventory levels demonstrates this relationship. E. When we use the AFN equation, we assume that the ratios of assets and liabilities to sales (A0*/S0 and L0*/S0) vary from year to year in a stable, predictable manner.
Regarding alternative transporting modes,
A. waterways are slow, costly, and unable to handle a variety of shipments. B. trucks are good for speed, frequency, dependability, and number of locations served. C. pipelines are slower and less dependable than water transport but are also less expensive and able to serve more locations. D. air is faster, cheaper, and more dependable than rail.