Why is a practice of calculating variances valuable to managers when there are trends in the market?
What will be an ideal response?
Variances operate as an early warning system, alerting managers to existing problems and new opportunities.
Business
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When institutions are the unit of measurement, the data may be obtained from retailers, wholesalers, or households
Indicate whether the statement is true or false
Business
Which of the following applies to standard products?
A) They are readily available. B) Their prices are comparatively stable. C) They are purchased ONLY after firm quotations. D) Only A and B above apply. E) All of the above apply.
Business