The XYZ manufacturing company produces ball bearings. The annual fixed cost is $20,000 and the variable cost per ball bearing is $3. The price is related to demand according to the following equation:

Which of the following statements is true of the Chinese economy?

A) The United Kingdom is China's largest trading partner. B) The Chinese economy has been converted to a communist controlled system from a free-market system. C) The Chinese economy started growing tremendously during the Mao era. D) The Chinese are the biggest global supplier of consumer goods.

Which of the following is considered an external performance benchmark for a product's performance in the market?

A) sales revenues B) net profits C) return on sales D) relative product quality E) assets as a percentage of sales