An organization's product mix includes all of the products it sells
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
An organization's product mix includes all of the products it sells. Firms widen their product mix to diversify risks or to capitalize on established reputations.
Business
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In a CVP income statement, a selling expense is generally
a. completely a variable cost. b. completely a fixed cost. c. neither a variable cost nor a fixed cost. d. partly a variable cost and partly a fixed cost.
Business
Which of the following sets the upper limit for a product's pricing?
A) profits B) product costs C) consumer perceptions of value D) elements of the product mix E) competition
Business