A firm's planned purchases for a given month are $30,000 and its purchase commitments are $7,000 . If its merchandise costs as a percent of selling price are .75; its open-to-buy at cost is $17,250

Indicate whether the statement is true or false

True

Business

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Phone Tech, a global phone company, frequently needs to respond quickly to the fast-changing consumer tastes with its phones. Therefore, management has fewer rules and procedures than most organizations, and networks of employees are encouraged to cooperate and respond quickly to unexpected tasks and changes in technology. Phone Tech is utilizing a(n) ________ structure.

a. mechanistic b. inflexible c. hierarchical d. inelastic e. organic

Business

Dove, a division of Unilever, traditionally targeted men and women with its Dove-branded skin care products

Indicate whether the statement is true or false

Business