Meetings are a gathering of employees to pool information, solicit feedback, clarify policy, seek consensus, and ________ (two words)
Fill in the blank(s) with correct word
solve problems
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What is the major advantage of personal selling over advertising as a communication method?
A. Personal selling improves the image of the firm, whereas advertising does not. B. Personal selling results in sales responses that are difficult to measure, whereas advertising results in immediate feedback. C. Personal selling involves the usage of mass media, whereas advertising does not. D. Personal selling activates the receiver's selective processes, whereas advertising does not. E. Personal selling involves direct contact between the buyer and seller, whereas advertising deals with indirect contact.
Informing and educating the target audience about the product's benefits and features is part of the communication strategy in the ________ phase of the product life cycle.
A. growth B. maturity C. regression D. decline E. introduction
The general principle that 80% of a company's revenue is generated by 20% of its customers is known as the Pareto concept
Indicate whether the statement is true or false
Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit$118Budgeted unit sales (all on credit): October 9,600 November 10,100 December 13,700 January 11,300 Raw materials requirement per unit of output 3poundsRaw materials cost$4.00per poundDirect labor requirement per unit of output 2.7direct labor-hoursDirect labor wage rate$23.00per direct labor-hourPredetermined overhead rate (all variable)$12.00per direct labor-hourCredit sales are collected:30% in the month of the sale70% in the following monthRaw materials purchases are paid:30% in the month of purchase70% in the following monthThe ending finished goods inventory should equal
10% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.The estimated finished goods inventory balance at the end of November is closest to: (Round your intermediate calculations to 2 decimal places.) A. $117,957 B. $44,388 C. $145,905 D. $101,517