Suppose 100 million people consume black tea every year, and an average consumer consumes 8 kgs of tea at an average price of $3 per kg. Compute the total market potential for tea

What will be an ideal response?


$2,400 million

Business

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Generic message strategies are seldom found in the business-to-business advertisements, because few firms dominate an industry

Indicate whether the statement is true or false

Business

Which of the following situations does not require an adjusting entry at the end of May?

a. At the end of May, Bolton Industries pays the custodian for May office cleaning services. b. On May 1, Bolton Industries paid rent for six months on its office building. c. On May 1, Bolton Industries began delivery service to a client who will pay at the end of a three-month period. d. On May 1, Bolton Industries purchased delivery equipment with an estimated useful life of six years.

Business

Each of the following might, by itself, form a valid basis for an auditor to reduce substantive testing except for the:

A. difficulty and expense involved in testing a particular item. B. assessment of control risk at a low level. C. high quality of the evidence gathered. D. low inherent risk involved.

Business

Taking the initiative to write to a company even though they haven't announced a job opening is called what?

A) Cold calling B) Prospecting C) Application letters D) Cover letters E) Canvassing

Business