Which of the following is not a benefit of a careful and thorough budgeting process?
A. Budgeting increases management's awareness of the company's external economic environment.
B. Budgeted net income assures the company of operating profitably.
C. The budget may provide advance warning of pending problems.
D. Budgets provide a yardstick for evaluating future performance.
B
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Select all that apply Which competitive strategies target a broad range of customers?
a. A focused low-cost strategy b. A broad differentiation strategy c. A low-cost provider strategy d. A focused differentiation strategy
For an exchange to occur, ________
A) at least two people or organizations must be willing to make a trade, and each must have something the other wants B) there must be one winner and one loser C) someone must make a financial profit D) the item must be tangible E) time utility must be created