Like manufacturers' agents, industrial distributors do not take title to products or carry inventories.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Answer the following statements true (T) or false (F)
1.According to the cost-based definition of dumping, dumping begins to occur when a firm sells a product at a price that is less than average variable cost.
2.If the Japanese demand for computers is elastic and the Canadian demand for computers is inelastic, a profit-maximizing firm would charge a higher price to Canadian buyers than to Japanese buyers.
3.If the Australian government imposes a domestic content requirement of 75 percent on autos, at least 25 percent of an auto's value must be produced in a foreign country if that auto is to be sold in Australia.
4.During the 1980s, the U.S. government imposed sugar import quotas in an attempt to reduce its costs of maintaining price supports for U.S. sugar growers.
5.Consider Figure 5.5. With free trade, Mexicans produce 4 TVs, consume 24 TVs, and import 20 TVs.
Consolidated financial statements are useful because
a. investors of the parent company want a clear financial picture of the total economic entity. b. minority shareholders need the consolidated information to make good investment decisions. c. they are much more detailed than the statements for the individual companies. d. the parent and subsidiaries constitute a single legal entity, and the financial statements should reflect that fact.
________ means that a message uses no more words than are necessary to accomplish its purpose
A) Clarity B) Appropriateness C) Substitutability D) Conciseness E) Ethics
Singles of any age are more likely to spend money on expensive cars, entertainment, and recreation, while new parents spend money on baby furniture. These purchases reflect the different stages of the ________
A) lifestyle spectrum B) personality spectrum C) family life cycle D) social class hierarchy E) self-concept cycle