Cost competitiveness means that one
A. prices his or her products or services at a level attractive to consumers.
B. sacrifices quality to keep costs low.
C. offers a high-quality product at a higher price.
D. carefully monitors costs mainly during the setting up of business.
E. manages his or her costs by maintaining the status quo.
Answer: A
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Mark Carroll believes in having the members of his team involved in the decision-making process as much as possible. He has brought a recent college graduate onto his team. After observing this new team member for several months, he has seen that he is very knowledgeable and skilled in his area. However, Mark has also observed that this recent graduate is still unsure of his own skills. According to Hersey/Blanchard, the best style to use with this new team member would be ______.
a. directive b. consultative c. facilitative d. delegative
A vertical marketing system consists of producers, wholesalers, and retailers acting as a unified system
Indicate whether the statement is true or false
Success in selling requires a significant amount of preparation.
Answer the following statement true (T) or false (F)
Montana Company reported the following operating results for Year 1 and Year 2:Year 1Amount% of SalesSales$ 800,000?Cost of goods sold___440,000?Gross margin360,000?Operating expenses___225,000?Income before taxes135,000?Income taxes____40,000?Net income$ 95,000?Year 2Amount% of SalesSales$ 960,000?Cost of goods sold___635,000?Gross margin325,000?Operating expenses___275,000?Income before taxes50,000?Income taxes____15,000?Net income$ 35,000?Required:Express each income statement component for each year as a percentage of sales. Round your answer to one decimal place (i.e. 22.5%)
What will be an ideal response?