The most important objective of reminder advertising is telling the market about a new product
Indicate whether the statement is true or false
FALSE
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J. J. Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 2010 . He ended 2009 with 2,500 completed hives in inventory and would like to complete operations in 2010 with at least 2,800 completed hives in inventory. There is no ending work in process inventory. One beehive holds about 250 bees. The bees are purchased for $4.00 per 1,000 bees. The
hives sell for $15.00 each. What would be the yearly total on the direct materials purchases budget for bee purchases? (Assume for this question that 40,000 beehives will be produced.) a. $44,000 b. $16,000 c. $64,000 d. $40,000
Post investment audits can provide the feedback necessary to improve future capital project assessments
Indicate whether the statement is true or false
_______________ strategies are based on designing, producing, marketing, and delivering a product or service more efficiently than competitors.
a. Low cost b. Differentiation c. Latent d. Competitive
Which of the following statements regarding the center-of-gravity method is FALSE?
A) It is designed to minimize the maximum possible travel distance to any of the locations. B) The optimal x- and y-coordinates are calculated separately. C) The optimal solution is unconstrained, so it could suggest a location in the middle of a body of water. D) The weights used are the quantity of goods moved to or from each location. E) The origin of the coordinate system and the scale used are arbitrary, just as long as the relative distances are correctly represented.