A retailer with a large fringe trading area should consider _____
a. expanding the trading-area overlap
b. direct marketing opportunities to this segment
c. broadening the community's economic base
d. establishing the point of indifference using Reilly's law
b
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Answer the following statements true (T) or false (F)
1. There are three parties to a check: the depositor, the maker, and the bank. 2. In addition to the account number, a check shows the 9-digit routing number. 3. The bank statement reports the activity in the customer's account and is issued on an annual basis. 4. The bank statement shows the beginning and ending balances of cash in a bank account, cash receipts and payments, and the names of all individuals who are authorized to sign checks. 5. Banks must return physical copies of the maker's canceled checks.
Made Well Tool, Inc., a manufacturer of cutting tools, divided its manufacturing process into two Departments - Machining and Finishing. The estimated overhead costs for the Machining and Finishing departments amounted to $400,000 and $1,000,000, respectively. The company produces two types of tools - Standard and Deluxe. The total estimated labor hours for the year were 4,000, and total estimated machine hours were 2,000. The Machining department is mechanized, whereas the Finishing department is labor oriented. Calculate departmental predetermined overhead allocation rates.
The marginal revenue of labour refers to:
A. the difference in technology across industries and new technology within the same industry B. he technology employed by organizations C. the low-wage, no-mix strategy employed by organizations D. the level of demand for a product E. the additional output from the employment of one additional person
According to the FTC, for a producer to call a product "new," the product must
A. be no more than two months old. B. be entirely new or changed in a functionally significant or substantial respect. C. have been changed in some way during the past year. D. have achieved brand insistence. E. None of these answers is correct.