When the total market expands, the ________ usually gains the most
A) market challenger
B) market leader
C) market follower
D) market nicher
E) market entrant
B
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Closing entries are made in the
a. sales journal. b. purchases journal. c. general journal. d. cash receipts journal.
The price-value formula:
A. connects cost, value, and price. Cost and price can vary but value cannot. B. tries to translate features into advantages and advantages into benefits. C. is generally used when the buyer is convinced that the buying the product is a good deal. D. is a description of the buyer's thinking process and an explanation of why price objection is heard so often. E. is the answer to "your price is too high" objection.
Sampling risk is:
a. the risk that findings will be misinterpreted; for example, not recognizing an error or mistake. b. the risk that the sample is not representative of the population. c. a significant risk that cannot be reduced. d. All of the choices are true regarding sampling risk.
Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 trend percentages for cost of goods sold using 2017 as the base. 2018 2017 Net sales$279,700? $232,100? Cost of goods sold 151,200? 130,290? Operating expenses 54,540? 52,540? Net earnings 28,720? 20,520?
A. 66.2% for 2018 and 64.6% for 2017. B. 116.0% for 2018 and 100.0% for 2017. C. 54.1% for 2018 and 56.1% for 2017. D. 120.5% for 2018 and 100.0% for 2017. E. 36.1% for 2018 and 40.3% for 2017.