Manufacturers consider slotting fees to be almost like extortion, because the company has no choice but to pay the fees in order to place products on retail shelves
Indicate whether the statement is true or false
TRUE
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Which of the following general business sources of external secondary data provides a path to other sources of secondary data contained in directories or published by professional or trade associations?
A) guides B) indexes and bibliographies C) directories D) nongovernmental statistical data E) conditional data
Which of the following costs is a variable manufacturing cost?
a. Depreciation costs computed using the straight-line method b. Factory rent c. President's salary d. Direct labor costs
Swisher, Incorporated reports the following annual cost data for its single product:Normal production level 30,000unitsDirect materials$6.40per unitDirect labor$3.93per unitVariable overhead$5.80per unitFixed overhead$150,000in total This product is normally sold for $48 per unit. If Swisher increases its production to 50,000 units, while sales remain at the current 30,000 unit level, by how much would the company's income increase or decrease under variable costing?
A. There is no change in income. B. $60,000 increase. C. $60,000 decrease. D. $90,000 decrease. E. $90,000 increase.
Which one of the following statements by a company president best reflects the marketing concept?
A. ?We have organized our business to make certain that customers get what they want. B. ?We believe that the marketing department must organize to sell what we produce. C. ?We have organized an aggressive sales force in our company to promote our products. D. ?We try to produce only high-quality, technically efficient products. E. ?We try to encourage company growth.