Which of the following is true regarding competitive rivalry?
A) The more competitors an industry has, the higher will be the differentiation among them.
B) High differentiation among competitors increases competitive rivalry.
C) Excess capacity within an industry can cause competitors to intensify their moves against one another.
D) Intense competitive rivalry leads to higher prices and margins.
E) Intense competitive rivalry leads to lower marketing and sales expenses for retaining customers.
C
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Define value as it is used in the price/value formula.
What will be an ideal response?
The work scheduling device that uses critical paths consisting of components that must be completed before the project is completed is the
A. Short-interval scheduling. B. PERT. C. Gantt Chart. D. Work chart.
Wombart Manufacturing sells a machine on credit to Cryslie Printing Co Wombart insists on a security interest in the machine to:
a. give itself a legal interest in the machine. b. give itself a legal interest in all of Cryslie's property. c. establish a priority claim in the machine ahead of other creditors of Cryslie. d. Both a and c.
Sam Company reported the following amounts on its income statement: Net income$100,000 Cost of goods sold 400,000 Gross margin 200,000 Based on the information provided, what was the amount of sales reported on the income statement?
A. $300,000 B. $600,000 C. $700,000 D. $200,000