Justify the statement, "Shopping bots have made the purchase decisions of consumers more efficient."
What will be an ideal response?
ANSWER: The Internet and extranets are linking people, machines, and companies around the globeâ€"and connecting sellers and buyers as never before. These links are enabling buyers to compare products and prices, putting them in a better bargaining position. A shopping bot is a program that searches the Web for the best price for a particular item that one wishes to purchase. Shopping bots theoretically give pricing power to the consumer. The more information that the shopper has, the more efficient his or her purchase decision will be. Shopping bots have been around for quite some time, and security protocols have been developed by some Internet retailers to limit bot trawls. Still, shopping bots remain a powerful and impactful marketing tool to this day.
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Under the perpetual inventory system, the balance in the merchandise inventory account is merely a record of the most recent physical inventory account
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Overallocated manufacturing overhead occurs when the manufacturing overhead allocated to Work-in-Process Inventory is less than the amount actually incurred. 2. Overallocated manufacturing overhead is adjusted by debiting the Cost of Goods Sold account. 3. If the debit side of the Manufacturing Overhead account totals more than the credit side of the account, the manufacturing overhead is overallocated. 4. Job order costing is well suited for the service industry. 5. When job order costing is used in the service industry, the allocation of indirect costs is normally based on machine hours.
Demand influences new product introductions and product portfolio planning. This statement is applicable to which functional area?
A. supply chain B. finance C. marketing D. human resources
Basing decisions on factors other than gender, race, national origin, and so forth, is important
Indicate whether the statement is true or false.