Answer the following statement(s) true (T) or false (F)
1. When a wholesaler needs to cut costs, they may find that asking other partners in the supply chain to conduct fabric testing may be cheaper than doing it themselves.
2. The best way to improve factory efficiency regarding materials is to ask the management to install CCTV cameras in the cutting room and materials room and review the tapes.
3. Apparel production is labor intensive, so wholesalers, in order to compete, continue to seek sources of production from facilities in those parts of the world where wages are the lowest
4. Products that are priced to match competitors' pricing is called 'market penetration pricing'.
5. Licensing is a contract to pay for use of a name or logo on a product.
1. True
2. False
3. True
4. False
5. True
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When a patent is amortized, the credit is usually made to
a. the Patent account. b. an Accumulated Amortization account. c. a Deferred Credit account. d. an expense account.
The newest and fastest-growing channels for communicating and selling directly to customers are digital
Indicate whether the statement is true or false