What factors affect the degree of standardization or customization a firm adopts?
What will be an ideal response?
The degree of standardization or customization a firm adopts depends on product type, cultural differences between home country and host country, and the host countries' legal systems.
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The acquisition cost of a certain raw material changes frequently. The book value of the inventory of this material at year end will be the same if perpetual records are kept as it would be under a periodic inventory method only if the book value is computed under the
a. weighted-average method. b. moving average method. c. LIFO method. d. FIFO method.
The North American Industry Classification System (NAICS) ________
A) is a replacement for the Better Business Bureau B) was developed in Europe C) includes information about industries in Mexico, Canada, and the United States D) uses a two-digit code that sorts industries into subsectors E) is a listing of consumer products