List the four types of responsibility centers. For each center, state the responsibility of the manager
Type of responsibility center
Responsibility of the manager
What will be an ideal response
Type of responsibility center
Responsibility of the manager
Cost Controlling costs
Revenue Generating revenue
Profit Generating revenue and controlling costs
Investment Generating profits and efficiently managing the center's invested capital
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Which of the following categories of goods and services is most likely to require an aggressive use of the selling concept?
A) shopping goods B) unsought goods C) necessary goods D) luxury goods E) complementary goods
BestFoods Inc, a well-known producer of breakfast cereals, has decided to hire producers in different countries so that the cereals marketed under their brand are locally produced in the respective countries
This would not only appeal more to consumers who preferred domestically produced goods, but would also create jobs in the host-country enhancing the brand's image further. This is an example of ________. A) management contracting B) franchising C) greenfield venturing D) contract manufacturing E) straight extension