Competitive pressures stemming from buyer bargaining power tend to be weaker when _________.

A. the number of buyers is small, such that each customer's business tends to be particularly important to a seller.
B. buyer demand is growing slowly or maybe even declining.
C. the costs incurred by buyers in switching to competing brands or to substitute products are relatively high.
D. buyers are well informed about sellers' products, prices, and costs.
E. the buyer group consists of a few large buyers and the seller group consists of numerous small firms.


C. the costs incurred by buyers in switching to competing brands or to substitute products are relatively high.

Business

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In 2014, a small publishing company sold 60,000 copies of Super Travel paperbacks (its only product) at $5 per book; total fixed costs were $15,000; and total variable costs were $3 per book. What is this company's breakeven point in units?

A) 10,500 units B) 7,500 units C) 30,000 units D) 15,000 units

Business

The cost reconciliation report has two sections: "Costs to be accounted for" followed by "Costs accounted for". The "Costs accounted for" portion of the cost reconciliation report includes the cost of ending work in process inventory and the cost of beginning work in process inventory.

Answer the following statement true (T) or false (F)

Business

There is more than one way to calculate the ROE

Indicate whether the statement is true or false

Business

A proxy server is often used to help protect the network against unauthorized access from outside the network by hiding the network addresses of internal systems

Indicate whether the statement is true or false

Business