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Stichworte: firms profit margin
What term refers to the knowledge, skills, and abilities of a firms workers?
If firms are earning zero economic profits, they must be producing at an output level at which
Why would a competitive firm stay in business if it made zero economic profit
The profit motive distinguishes business activities from personal activities.
What is the organized effort of individuals to produce and sell for a profit?
How can competitive profit be zero in the long run who will work for nothing?
Why would foreign firms export a product at less than its cost of production?
Which one of the following is not an appropriate reason why firms try to grow?
What is the importance of strategic leadership in business firms organization?
The ratio of earnings to sales for a given time period is a firms profit margin.
Wann ist accounting profit und economic profit gleich
Why is the statement of cash flows important in evaluating a firms performance?
What is the main difference between a firm’s immediate and external environments?
Entry of new firms into monopolistically competitive industries is relatively easy because
Labor costs that can be easily and conveniently traced to specific products are
Where there is no partnership agreement then profits and losses must be shared?
In the above figure the monopolistically competitive firm makes an economic profit of
How might a given country’s regulatory environment impact a firm’s international strategy?
When firms see distribution partners as rivals this is known as channel conflict
Is a type of unsecured promissory note issued by large financially strong firms?
Performing arts organizations are an example of other private not-for-profit organizations.
By increasing the perceived value of a firms products or services, a firm will be able to
Social workers are employed at non-for profits, for-profits, and public organizations.
A strategy in which firms collaborate to achieve a shared objective is known as:
Which of the following firms is most likely to identify avoiding risks as an objective?
What is the profit maximizing quantity of output for this pure monopoly quizlet?
Fasb requires that not-for-profit entities classify net assets into the following
Refer to the diagram at the profit-maximizing level of output, the firm will realize
A ____ business sells directly to consumers products manufactured by other firms.
Contributed services are recognized as revenue for a private not-for-profit when the service
A ___________________ merger joins two firms operating in different stages of business.
Unlike a monopolistic firms product, a monopolistically competitive firms product
Using the table below, determine the profit-maximizing output (Q) for a monopolist
Managers of this centers have responsibility for profits and investment in assets.
The pure monopolist seeks the output that will yield the greatest per-unit profit.
If ending inventory and cost of goods sold are added together, they should equal gross profit
The amount remaining after all expenses are deducted from total revenues is referred to as _____.
When using a direct costing system, the contribution margin discloses the excess of
Under variable costing, the profit for a period is not affected by changes in inventory
What is an organization that seeks profit by providing goods or services to others?
Which of the following is an advantage that small firms have over large businesses?
Which of the following business tools focus on a firms external threats and opportunities?
The firms overemphasis on cost reduction and short-term profits will increase the size of the
Why is a competitive firms marginal cost curve regarded as its supply curve quizlet?
Profit = (selling price per unit × quantity sold) – ( expense per unit × quantity sold) – expenses.
Which of the following statements is true of perfectly competitive firms in long run equilibrium?
To maximize its profit in the short run, a perfectly competitive firm decides Quizlet
What strategy involves seeking ownership of or increased control over a firms competitors?
Why is it misleading to compare a companys financial ratios with those of other firms that operate within the same industry?
Aggregate planning for service firms with high-volume tangible output is directed toward
Your client would like to display negative numbers in red on their Profit and Loss report
Middle managers make long range strategic decisions about the firms products and services
Which of the following expenses is considered a controllable expense by profit center managers
What effect does bringing together the skills and knowledge of members from different parts of the organization have on a firms responsiveness to customers?
What involves actually distinguishing the firms market offering to create superior customer value?
Which of the following growth strategies employs the existing marketing mix and focuses the firms efforts on existing customers?
The tendency of firms to extend sales ownership and manufacturing to new markets abroad is
Normally, the more involved a board of directors is in shaping the firms strategic direction, the:
The percentage markup on cost can be computed by dividing gross profit on selling price by 100
The global expansion strategy that has the highest risk but also the highest profit potential is
Residual income and ROI are used as performance evaluation methods for profit center performance
To support the other promotional efforts, firms use ________ to generate free media attention.
If the goal is to maximize profit, at which point on the graph would a firm’s output be optimized?
Which of the following is not an example of a firm’s efforts toward greater sustainability?
The best way to understand a firms financial health and stability is to look at its ______.
Which financial statement shows a firms bottom line its profit or loss after costs expenses and taxes for a specific period?
To evaluate the effectiveness or performance of a marketing strategy, firms most effectively use
The dollar amount of desired profit from the production and sale of the companys product is
Firms that buy products from manufacturers and ultimately resell them to retailers are called:
Are short term incentives which are used by firms to encourage the buyers to make immediate purchase of their products?
Which framework helps firms identify their economic legal ethical and philanthropic obligations to society quizlet?
What is an economic and political system in which a countrys trade and industry are controlled by private owners for profit rather than by state?
Which of the following is a difference between entrepreneurially managed firms and traditionally managed firms?
Which of the following individuals (or groups) are not stakeholders in not-for-profit corporations?
In the short run, which of the following is true of a firms average total cost of production
The trend away from personal salespeople to self-service in many retail outlets has caused firms to:
If the firm shuts down its operations in the short run, the total dollar value of the loss will be
When a few firms with market power agree to restrict output and/or charge higher price, it is called
To which of the following firms is the term “repeatedly evolving strategy” most applicable?
In many smaller firms the managers role is to direct the employees telling them exactly what to do
Which statement correctly identifies the motivation of firms using a market segmentation strategy?
When customers open margin accounts when must they be provided with a risk disclosure document quizlet?
How often are member firms required to disclose their current financial situation to customers?
Which of the following dimensions of a firms relationships with customers is concerned with its access and connection to customers?
What type of report summarizes the income and expenses of a company over a period of time and reports the difference as net profit or loss?
Is pursued primarily by manufacturing firms and _____ is employed primarily by service firms
Which of the following is a common condition for gainsharing to be a success in an organization?
If the firm is producing at a quantity of output where marginal revenue exceeds marginal cost, then,
Which of the following market type has a large number of firms that sell similar but slightly different products?
Who are the distribution channel firms that help a company find customers or make sales to them?
Which of the following describes the basic Web policy of large firms during the Invention period
Is the amount of money remaining from a firms sales revenue after it deducts production cost interest cost and taxes?
Which of the following terms refers to having local employees abroad do jobs that the firms domestic employees previously did in House *?
Which of the following is a human resource issue that firms have to balance because of globalization quizlet?
What are the different levels of diversification firms can pursue by using different corporate level strategies?
A firm manufactures custom-made furniture. which facilities layout would best suit the firms needs?
How are internal factors different from external factors in a firms competitive environment?
Which of the following is most likely a characteristic of firms that adopt a reactive approach toward the marketing environment *?
Which are the two core perspectives in answering the question what determines the success or failure of global firms?
Which of the following types of system could be used to enable different firms to work collaboratively on a product?
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