Unsought products
A. are products consumers want but can't find.
B. should not be marketed.
C. are generally unprofitable.
D. require wide distribution but little promotion.
E. None of these answers is correct.
Answer: E
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Deducting the desired profit margin from the price at which a product will sell, given its appeal and competitors' prices, is known as ________
A) overhead costing B) target costing C) activity based costing D) benefit analysis E) estimate costing
Which needs theory holds that our needs are shaped over time and formed by our experiences and cultural background?
A. Maslow’s hierarchy of needs B. Alderfer’s ERG theory C. Herzberg’s two-factor theory D. McClelland’s acquired needs theory
Which of the following accounts contain only one type of product cost?
A) Work in Process Inventory B) Materials Inventory C) Finished Goods Inventory D) Cost of Goods Sold
Financial accounting provides information to all users, while the main focus for managerial accounting is to provide information to the management
Indicate whether the statement is true or false