Which of the following is true about an optimize position strategy?
A) It is used for maximizing profits and cash flow as a business slowly exits a product-market.
B) It is usually used by a business when the growth potential is limited and competitive position is set.
C) It is an offensive strategic market plan that seeks to improve a business's competitive position in an attractive segment of the market.
D) It involves making a conscious effort to increase customer base in order to reach a more profitable level of business.
E) It requires a large investment in marketing resources.
B
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Hisham was a professional classical guitar player until a motorcycle accident left him disabled
After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $900, and the fixed monthly operating costs are as follows: Rent and utilities $800 Wages and benefits to luthier 2,000 Other expenses 474 Hisham's accountant told him about contribution margin ratios, and Hisham understood clearly that for every dollar of sales, $0.65 went to cover his fixed costs, and anything above that point was profit. Hisham wishes to earn $4,000 of operating profit each month. Calculate the number of guitars Hisham will need to sell to achieve the target profit. (Round your answer up to the nearest whole guitar.) A) 3 guitars B) 12 guitars C) 4 guitars D) 13 guitars
Which statement(s) is(are) true with regard to qualified retirement plans?
I. Distribution from qualified plans are not taxable. II. Investment income accumulates tax-deferred in qualified plans. a) I only b) II only c) Both I and II d) Neither I nor II