As a strategic asset, ________ is of the lowest importance to a firm
A) customer service
B) R&D, design
C) manufacturing of parts
D) marketing and branding
C
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At Fantastic Flavors, a large regional chain of candy stores, employees from marketing, design, production, and finance work in cross-functional groups to save time and money in the new product development process
Fantastic Flavors uses a ________ approach. A) customer-centered new product development B) sequential product development C) team-based new product development D) heuristic E) functional
During March, a firm expects its total sales to be $160,000, its total variable costs to be $95,000, and its total fixed costs to be $25,000. The contribution margin for March is:
A. $90,000. B. $120,000. C. $25,000. D. $65,000. E. $40,000.
Which of the following statements about monetary damages awarded by a court is (are) true?
I. The purpose of general damages is to provide benefits for medical expenses or loss of earnings. II. The purpose of punitive damages is to punish the tortfeasor so that others are deterred from committing the same wrongful act. A) I only B) II only C) both I and II D) neither I nor II
When a person indorses a check, the indorser assumes contractual liability based on the indorsement. This liability expires unless presentment is made
A. within 3 days of indorsement. B. within 7 days of indorsement. C. within 30 days of indorsement. D. within a reasonable time after the indorsement.