A marketing-oriented firm would try to produce what customers want, while a production-oriented firm would try to get customers to buy what the firm has produced.
Answer the following statement true (T) or false (F)
True
A marketing-oriented firm tries to offer customers what they need, and a production-oriented firm makes whatever products are easy to produce and then trying to sell them.
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The WE Partnership reports the following items for its current tax year:ItemAmountIncomeOperating income$90,000Rental income15,000Interest income:Tax-exempt municipal bonds2,000Corporate bonds4,000Sec. 1231 gain20,000Sec. 1245 gain18,000Long-term capital gain7,000ExpensesRental expenses12,000Salaries paid to employees (not partners)30,000Charitable contributions5,000Interest paid related to borrowings used to finance municipal bonds3,000What is the WE Partnership's ordinary income for the current year?
What will be an ideal response?
Discuss the ways through which you can establish your own professional contact network of friends and acquaintances in the business world
What will be an ideal response?
Which of the following statements by a U.S. president best reflects a micro view of marketing?
A. "Tourism firms should advertise more to attract more international visitors." B. "Next year my administration will spend 75 percent more on domestic security." C. "With interest rates low, many young people can now afford to buy a new home." D. "In the U.S. we have a better choice of products than in any other country." E. "A tax cut will give consumers more spending money."
Accounts payable are:
A. Always payable within 30 days. B. Estimated liabilities. C. Not usually due on specific dates. D. Amounts owed to suppliers for products and/or services purchased on credit. E. Long-term liabilities.