Products and services fall into two broad classes based on the types of consumers that use them. Name these two broad classes and describe how they are different from each other
What will be an ideal response?
The two broad classes are consumer products and industrial products.
Consumer products and services—those bought by final consumers—are usually classified according to consumer shopping habits. Consumer products include convenience products, shopping products, specialty products, and unsought products.
Industrial products, on the other hand, are those that are purchased for further processing or for use in conducting a business. These products include the three broad categories of materials and parts, capital items, and supplies and services.
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Here is information about Company ABC for 2018: Revenue 100 million COGS 55 million Rent 5 million Depreciation 0 Interest 10 million Profits taxes 12 million Preferred dividends 6 million Purchase of equipment 20 million It does not issue any new shares. What is Net (After-Tax) Profit?
a) 12 million b) 18 million c) 28 million d) a loss of 2 million e) a loss of 8 million f) this is an impossible situation
Which of the following would LEAST likely be included in a property management agreement?
A. Description of the property to be managed. B. Property manager's compensation. C. Rental rate per unit. D. Manager's periodic reports.