The first three steps involved in developing the customer benefit plan (in their correct order) are:
A. developing business proposition, developing marketing plan, and closing the sale.
B. developing marketing plan, developing FAB, and developing business proposition.
C. developing marketing plan, developing business proposition, and closing the sale.
D. developing benefits, developing business proposition, and developing marketing plan.
E. developing FAB, developing marketing plan, and developing business proposition.
Answer: E
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A budget that allocates increased or decreased funds to a department by using the last budget period as a reference point is called a(n)
A. standardized budget. B. incremental budget. C. zero-based budget. D. fixed budget. E. tactical budget.
Which of the following statements is true?
a. Japanese companies have accomplished much in the area of production process innovation, mainly by switching from pull to push manufacturing. b. Cellular manufacturing organizes machines by department. c. Adopting the pull approach to manufacturing requires an increase in floor space. d. In the push approach to manufacturing, the sales forecast drives the production plan, and goods are produced in large batches.
Thomas Company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purchased. Information for raw materials for Product RBI for the month of October follows: Standard unit price $1.80 Actual purchase price per unit $1.65 Actual quantity purchased 4,000 units Actual quantity used 3,900 units Standard quantity allowed for actual production
3,800 units What is the materials quantity variance? a. $180 unfavorable b. $165 unfavorable c. $180 favorable d. $165 favorable
Debit means increase and credit means decrease for all accounts.
Answer the following statement true (T) or false (F)