A retailer's organizational mission is its _____
a. consumer orientation
b. commitment to a type of business and to a distinctive role in the marketplace
c. focus on determining and satisfying consumer wants and needs
d. good or service category determination
b
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Clay Corporation manufactures two styles of lamps—a Bedford Lamp and a Lowell Lamp
The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $27 $35 Variable costs $17 $22 Machine hours required for one lamp 2 4 Total fixed costs are $30,000, and Clay can sell a maximum of 10,000 units of each style of lamp annually. Machine hour capacity is 25,000 hours per year. What is the contribution margin per machine hour for the Bedford Lamp? (Round your answer to the nearest cent.) A) $5.00 per machine hour B) $3.25 per machine hour C) $13.50 per machine hour D) $17.50 per machine hour
Professionals may not always be liable in negligence to all persons who have suffered a loss
as a result of their negligent actions. Indicate whether the statement is true or false