The ________ strategy is one in which an organization continually innovates by finding and exploiting new product and market opportunities

An unfavorable sales volume variance in operating income suggests a(n) ________

A) increase in number of actual units sold when compared to the expected number of units sold B) decrease in number of actual units sold when compared to the expected number of units sold C) increase in variable cost per unit D) decrease in fixed costs

A manufacturer of breakfast cereal is concerned about corn prices. The firm anticipates needing 1 million bushels of corn in one month. The current price of corn is $6.50 per bushel and the futures price for delivery in one month is $7.00 per bushel

The cost to store the corn for 1 month is $100,000. What should the firm do? A) Hedge with futures for a total cost of $7,000,000. B) Hedge with futures for a total cost of $6,900,000. C) Buy the corn now and store for 1 month, for a total cost of $6,500,000. D) Buy the corn now and store for 1 month, for a total cost of $6,600,000.