Civil law systems are based on British law
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is the best example of a consumer good?
A. the disposable diapers purchased by the new mother for her baby B. the art supplies purchased for the elementary school art center C. the riding lawn mower purchased by the landscaping company D. the paint purchased by the contractor E. the cookies purchased for the daycare center
Sensory memory is the virtually unlimited repository where information that we encounter as we go through life ends up
Indicate whether the statement is true or false
Howard Genks works as a sales representative for Med-Tex, a firm that manufactures hospital supplies. Recently, a prospective buyer walked into the Med-Tex store seeking beds for the children's ward in his private clinic
Howard quickly showed the client the range of beds available that were designed specifically for children. In which of the following steps of the selling process was Howard? A) prospecting B) qualifying C) follow-up D) handling objections E) presentation and demonstration
The Enhanced Products Division of Forrest Industries makes ceramic pots that are used to hold large decorative plants. During the current year, the division produced 10,000 pots and incurred the following costs:
*The equipment was purchased last year for $150,000 and has a current book value of $120,000, remaining useful life of four years, and a zero salvage value. If the equipment is not used to produce ceramic pots, it can be leased for $8,000 per year.**Includes supervisors' salaries and rent for manufacturing plant.Required:1) Assume Evergreen Industries uses a cost plus pricing strategy. What price should be charged for the ceramic pot product if
the division sets its price 40 percent above the unit product cost?2) A potential overseas customer who would not compete with the division's existing customers would like to purchase 1,000 ceramic pots but is not willing to pay the regular price. At what selling price would the division be indifferent about accepting the special order?3) Suppose the division has the opportunity to purchase the ceramic pot from another manufacturer for $60.The supplier is willing to hold sufficient inventories to meet Evergreen's demand. Should the division outsource its ceramic pots? Why or why not? What will be an ideal response?