Which of the following groups is the ultimate judge of a product's utility?

A) marketers
B) management
C) consumers
D) suppliers
E) government agencies

C

Business

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Which of the following is a cultural barrier inherent to service firms that internationalize via FDI?

A) Service firms are unable to infiltrate international markets due to language issues. B) The source of a firm's funding determines the location of its international subsidiaries. C) A firm's corporate culture is overly influenced by its national culture. D) Firms that internationalize via FDI usually make large spending cuts on advertising campaigns.

Business

Which of the following is a disadvantage of using target costing?

A) It may lead to an increase in all the non-value added cost of the product B) It may lead to a product being in development stage for a long time as the team repeatedly evaluates alternative designs. C) It may lead to increased employee participation in the cost reduction process of the organization thereby making it impossible to co-ordinate the process. D) It eliminates creativity in the manufacturing process as the focus is always on cost reduction and cost elimination.

Business