?Define the term target market and provide an example for a product of your choice.
What will be an ideal response?
Organizations generally focus their marketing efforts on a specific group of customers called a target market. A target market is the group of customers toward which a company directs a set of marketing efforts.?
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The entry to record revenue earned on account includes a debit to accounts receivable and a credit to revenue.
Answer the following statement true (T) or false (F)
Quality function deployment (QFD):
A) determines what will satisfy the customer. B) translates customer desires into the target design. C) is used early in the design process. D) is used to determine where to deploy quality efforts. E) all of the above
The existence of reciprocal arrangements, the long-term contracts, and the buyer-seller relationships that can evolve into supply partnerships, are all examples of
A. illegal activities that are a common weakness of organizational buying. B. activities that are strictly governed by the NAICS. C. illegal activities that result from collusion between buyers and sellers. D. activities that result from extreme competition between manufacturers when there are too few suppliers. E. the nature of relationships between buyers and sellers in organizational buying.
Jublot Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 600 Materials costs$7,300 Conversion costs$2,300 Percent complete with respect to materials 50%Percent complete with respect to conversion 10%Units started into production during the month 9,400 Units transferred to the next department during the month 8,600 Materials costs added during the month$196,300 Conversion costs added during the month$315,800 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 70%Percent complete with
respect to conversion 40% The cost per equivalent unit for materials for the month in the first processing department is closest to: A. $21.25 B. $15.88 C. $14.48 D. $16.31