Projecting sales price changes depends on factors specific to the firm and its industry that might affect demand and price elasticity. Which of the following types of companies would most likely be able to increase prices?
a. A firm in a capital intensive industry that is expected to operate near capacity for the near future.
b. A firm in a capital intensive industry in which excess capacity exists.
c. A firm operating in an industry that is expected to experience technological improvements in its production process.
d. A firm operating in an industry that is transitioning from the high growth to the maturity phase of its life cycle.
A
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The ending inventory balance represents
a. The cost of goods sold during the current period and is reported on the balance sheet as an asset. b. Unexpired costs and is reported on the balance sheet as an asset. c. Expired costs and is reported on the income statement as an expense d. Expired costs and is reported on the balance sheet as an asset.
Answer the following statements true (T) or false (F)
1.A tariff quota is a combination of a specific tariff and an ad valorem tariff. 2.A specific tariff is expressed as a fixed percentage of the total value of an imported product. 3.The protective effect of a tariff occurs to the extent that less efficient domestic production is substituted for more efficient foreign production. 4.A tariff can increase the welfare of a "large" country if the favorable terms-of-trade effect is greater than the unfavorable protective effect and consumption effect. 5.If the world price of steel is $600 per ton, a specific tariff of $120 per ton is equivalent to an ad valorem tariff of 25 percent.
Which of the following is most likely to own a purchasing cooperative?
a. a government entity b. a group of farmers c. a group of health care customers d. the employees of a company
Explain differentiation approaches for services
What will be an ideal response?