Jay King, owner of a local Bed and Bath store, knows that his customers will pay at most $299 for an air mattress. Assuming Jay wants a 40% markup on the selling price, the most he could pay the manufacturer for the air mattress is:
A. $197.04
B. $179.04
C. $179.40
D. $104.65
E. None of these
Answer: C
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Which of the following statements about an organization's mission statement is true?
a. The mission statement should express an organization's purpose. b. The mission statement should identify how an organization will meet the needs of its targeted customers. c. The mission statement must be communicated throughout the organization. d. All of the statements are true.
Herndon Brothers Inc produces a variety of "all natural" household cleaning supplies that it manufactures and distributes to various grocery stores along the west coast. Which of the following types of costs would most likely be a facility-level cost?
A) A package product design cost for a new product line B) A machine setup cost C) Depreciation on the factory building D) Utility costs for factory machinery
A modern interpretation of a(n) ________ is a group of people connected through technology.
A. online database B. blog C. wiki D. social network E. marketing mix
Departmental reports are useful in determining managerial performances
Indicate whether the statement is true or false