When facing intense competition, which of the following would be the best advice to give a marketing manager?
A. Provide customers with allowances.
B. Focus on differentiation.
C. Institute a one-price policy.
D. Seek to achieve the benchmark price.
E. Give up and price the same as competitors.
Answer: B
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Biglersville Corp purchased equipment at the beginning of 2016 for $16,000 . Biglersville Corp decided to depreciate the equipment over a 5-year period using the straight-line method. Biglersville Corp estimated the equipment's residual value at $1,000 . The estimated fair market value at the end of 2016 was $15,000 . Which of the following statements is correct concerning Biglersville Corp's
financial statements at December 31, 2016? a. The book value of the equipment is $30,000. b. The book value of the equipment is $13,000. c. The total accumulated depreciation is $1,000. d. The equipment will be reported on the balance sheet at it fair market value of $15,000.
Under the indirect method of determining cash flows from operations, which of the following is added to net income?
a. An increase in Accounts Receivable b. A decrease in Income Taxes Payable c. A decrease in Inventory d. An increase in Prepaid Expenses
The purpose of managing by walking around or MBWA is to
A. gather information about what strategy to follow and to learn what competitors are doing. B. learn more about company operations and see how activities are really being done. C. be visible and accessible to employees. D. give employees a chance to make suggestions for improvement. E. gather information about what is happening from people at different organizational levels and learn firsthand how well the strategy execution process is proceeding.
Jan promises Eli $4,000 for one of his original paintings on the condition that she receives $1 million from her mother's will. Jan's promise:
a. is illusory. b. is legally sufficient unless Jan knows she cannot inherit the $1 million. c. is a conditional promise, which is not sufficient to form consideration. d. is legally inadequate, and the courts will therefore not enforce it.