What is the overall purpose of a marketing plan?
A. to identify both existing and potential competitors of the firm
B. to guide the analysis, implementation, and control of the firm's marketing strategy
C. to define the target market and promotion strategies to be used on that market
D. to define the company's strengths and weaknesses
E. to determine whether or not a firm has enough capital to pursue its objectives
Answer: B
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What losses should not affect the recorded cost of inventories?
a. Normal losses b. Abnormal losses c. Seasonal losses d. Standard losses
Which of the following is true of the Restatements of the Law?
A) The have the full force and effect of any other federal statute or regulation. B) They are often relied upon by the courts when making decisions. C) They are based on previous case decisions issued by the U.S. Supreme Court. D) They cover only the legal subjects of contracts, torts, and agency.
Reward and incentive systems serve as a(n)
A. indirect motivational tool designed to convert employee commitment into high-powered incentives. B. direct stimulus for satisfying the basic expectations of the standard job and mechanisms. C. negative motivational element. D. indirect type of control mechanism that conserves on more costly control mechanisms of supervisory oversight. E. direct base-pay financial compensation mechanism that competes with rival companies' salary bands for similar work efforts.
An executory contract is a contract the terms of which have been performed
Indicate whether the statement is true or false