Limit orders stay in effect until they are cancelled or executed
Indicate whether the statement is true or false.
TRUE
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Which of the following statements about 3M's marketing program for Post-it Flag Highlighters is most accurate?
A. The Post-it Flag Highlighter was not successful and was deleted from the Post-it Flag product line. B. In his first attempt, David Windorski, a 3M inventor, designed the Post-it Flag Highlighter in exactly the right way to appeal to its target market. C. David Windorski, a 3M inventor, also developed the Post-it Flag Pen for the office worker segment. D. Paralegals were initially the intended target market for the Post-it Flag Highlighter. E. In development of the Post-it Flag Highlighter, David Windorski examined similar products of 3M's major competitors and simply made changes that would provide the "WOW" factor.
If one party to a contract deliberately makes a material change in its terms without permission of the other party, the contract is discharged by impossibility
Indicate whether the statement is true or false
LightZone Inc., a manufacturer of LED lamps, uses a software to create programmed instructions for its automated equipment to ensure that its products are made as efficiently as possible. In this scenario, LightZone most likely uses _____ to program the automated equipment.
A. computer-aided engineering software B. computer-aided design software C. computer-aided processing software D. computer-aided manufacturing software
Leslie Mittelberg is considering the wholesaling of a leather handbag from Kenya. She must travel to Kenya to check on quality and transportation. The trip will cost $3,000. The cost of the handbag is $10 and shipping to the United States can occur through the postal system for $2 per handbag or through a freight company which will ship a container that can hold up to a 1,000 handbags at a cost of $1,000. The freight company will charge $1,000 even if less than 1,000 handbags are shipped. Leslie will try to sell the handbags to retailers for $20. Assume there are no other costs and benefits.
a. What is the break-even point shipping through the postal system? b. How many units must be sold if Leslie uses the freight company and she wants to have a profit of $1,000? c. At what output level would the two shipping methods yield the same profit? d. Suppose a large discount store asks to buy an additional 1,000 handbags beyond normal sales. Which shipping method should be used and what is the minimum sales price Leslie should consider in selling those 1,000 handbags?