If a product is not superior to its competition in some respects, factors such as favorable price, fast delivery, or superior service can be used as the primary appeal

Gilbert Company purchased a mineral deposit for $800,000. It expects this property to produce 1,200,000 tons of ore and to have a salvage value of $50,000. In the current year, the company mined and sold 90,000 tons of ore. Its depletion expense for the current period equals:

A) $ 15,000. B) $ 60,000. C) $150,000. D) $ 56,250. E) $139,500.

With the rise of the rest of the world, competition for resources and markets are becoming more local

Indicate whether the statement is true or false