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Terms in this set (14)
Specialization of individuals who perform specific tasks.
Raw materials needed to produce a finished product.
Using new packaging on an existing product
introducing a new product to a small portion of the target market to learn how it will sell.
division of labor
direct materials inventory
repackaging
test marketingThis answer is correct.
____ includes any activity related to making a product.
Production
The process of deciding which products will be most strategic for an organization to produce is ____ planning.
product
Difference between the perpetual inventory and the physical inventory.
Product that is different in some way from existing products.
Marketing an existing product in a new way.
Converting resources to a product that fits the specifications of a customer.
inventory shrinkage, new product, repositioning, custom manufacturing
A ____ inventory-control system should the quantity of inventory on hand at all times.
perpetual
Name, term, or design that sets a product or business apart from its competition.
Changing the form of raw materials for another use.
Large gathering of businesses for the purpose of displaying goods and services for sale.
Assortment or selection of finished items for sale that a business has in stock.
brand
materials processing
trade show
finished goods inventory
Working model of a new product for testing purposes.
Idea that people have about someone or something.
Finding suppliers of materials needed for the production of a product.
prototype
image
sourcing
The process of changing and improving resources to create goods or services is called ____.
conversion
The area of management responsible for the activities necessary to produce goods and services is ____.
operations management
Business ____ is the activity of acquiring materials, supplies, or services necessary to create a product.
purchasing
The manufacturing of goods in large quantities using standard techniques is called ____.
mass production
A prototype is used to test a new product and a(n) ____ is used to test a new service.
trial run
____ is changing the form of raw materials for another use.
materials processing
A(n) ____ is a name, term, or design that sets a product or business apart from its competition.
brand
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Verified questions
QUESTION
The Neal Company wants to estimate next year’s return on equity (ROE) under different financial leverage ratios. Neal’s total capital is $14 million, it currently uses only common equity, it has no future plans to use preferred stock in its capital structure, and its federal-plus-state tax rate is 40%. The CFO has estimated next year’s EBIT for three possible states of the world:$4.2 million with a 0.2 probability, $2.8 million with a 0.5 probability, and$700,000 with a 0.3 probability. Calculate Neal’s expected ROE, standard deviation, and coefficient of variation for each of the following debt-to-capital ratios; then evaluate the results: $$ \begin{matrix} \text{Debt/Capital Ratio} & \text{Interest Rate}\\ \text{0\\%} & \text{--}\\ \text{10} & \text{9\\%}\\ \text{50} & \text{11}\\ \text{60} & \text{14}\\ \end{matrix} $$
Verified answer
QUESTION
Most firms like to have their stock selling at a high P/E ratio, and they also like to have extensive public ownership (many different shareholders). Explain how stock dividends or stock splits may help achieve those goals.
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QUESTION
You want to buy a house within 3 years, and you are currently saving for the down payment. You plan to save $9,000 at the end of the first year, and you anticipate that your annual savings will increase by 5% annually thereafter. Your expected annual return is 8%. How much will you have for a down payment at the end of Year 3?
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QUESTION
A strip mall in Dallas has store spaces in several different sizes. There are eight 300-square-foot stores, one 800-square foot store, and one 900- square-foot store. Two of the 300 -square foot stores are vacant. The others are occupied. What is the ratio of vacant space to occupied space? What percent of the space is occupied?
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