Sales mix is
a. the relative percentage in which a company sells its multiple products.
b. the trend of sales over recent periods.
c. the mix of variable and fixed expenses in relation to sales.
d. a measure of leverage used by the company.
a. the relative percentage in which a company sells its multiple products.
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Which of the following sampling methods is the most statistically efficient (the most representative)?
a. simple random b. systematic random c. stratified random d. cluster e. All are equally statistically efficient.
When Mary applied for a life insurance policy, she did not disclose that she had just been treated for cancer 3 months ago. In addition, Mary intentionally misstated her age so that her premiums would be lower. If the insurer issues the policy but discovers the misrepresentations 1 year later
A) the insurer can challenge the validity of the contract B) Mary and the insurer cannot void the contract C) Mary can void the contract D) the insurer cannot challenge the validity of the contract"