When a firm tries to increase sales by offering new or improved products to its present markets, it is called
A. diversification.
B. market penetration.
C. product development.
D. mass marketing.
E. market development.
Answer: C
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A company uses the FIFO method for inventory costing. At the start of the period the production department had 20,000 units in beginning Work in Process inventory which were 40% complete; the department completed and transferred 165,000 units. At the end of the period, 22,000 units were in the ending Work in Process inventory and are 75% complete. The production department had labor costs in the beginning goods is process inventory of $99,000 and total labor costs added during the period are $726,825. Compute the equivalent cost per unit for labor.
A. $4.40. B. $4.19. C. $4.76. D. $4.55. E. $4.61.
What are the three basic types of books or literature that Burke uses as background and research for his book? Describe one drawback to each type.
What will be an ideal response?
Average U.S. wages in 1990 were $28,960, far larger than the average wage in 1930 of $1,970. What was the average annual increase in wages over this 60-year period?
A) 3.31% B) 2.45% C) 24.50% D) 4.58%
An unexpected change in exchange rates impacts a firm's expected cash flows at three levels, depending on the time horizon used (Short Run, Medium Run, and Long Run)
Describe the three operating exposure's phases of adjustment assuming that parity conditions do not hold among foreign exchange rates, national inflation rates, and national interest rates (disequilibrium). What will be an ideal response?