Business-to-business (B2B) products are goods and services purchased by households for personal consumption
Indicate whether the statement is true or false
FALSE
Explanation: Business-to-business (B2B) products (sometimes called industrial products) are goods and services that are purchased by businesses for further processing or resale or are used in facilitating business operations. They are traded in B2B markets.
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The static budget, at the beginning of the month, for Keats Company follows
Static budget: Sales volume: 2,100 units; Sales price: $52.00 per unit Variable costs: $12.00 per unit; Fixed costs: $26,000 per month Operating income: $58,000 Actual results, at the end of the month, follows: Actual results: Sales volume: 1,850 units; Sales price: $59.00 per unit Variable costs: $18.00 per unit; Fixed cost: $37,000 per month Operating income: $38,850 Calculate the sales volume variance for operating income. A) $9,150 U B) $250 F C) $10,000 U D) $10,000 F
Which of the following is a defense to a charge of monopoly?
A) the Noerr doctrine B) natural monopoly C) conscious parallelism D) predatory pricing