The statement which states that a management contract is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications is false
According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to <em>produce its goods </em>to its specifications.
As a result of this, we can see that a management contract is one where one firm gives its management skills <em>in part or in full</em> to another firm.
With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications but is in charge of the marketing.
Therefore, the correct answer is false.
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Answer:
Builtrite has higher than average operating expenses
Explanation:
Subtracting cost of goods sold from net sales will give you gross profit. The reason of high gross profit could be company is able to sell its products at a higher price or it is able to keep its cost of goods sold at a lower level than industry standards.
A higher-than-industry-average gross profit margin increases your chances of generating a net profit provided that you are able to keep your expenses within industry average levels.
Operating profit is the pre-tax profit or in other words it is calculated by subtracting operating expenses from the gross profit. Operating profit margin is equal to operating income divided by the total revenue. A lower operating margin despite of having higher gross profit is because the company is not able to control its operating expenses or in other words they are incurring higher operating expenses as compare to industry.
Answer:
when good are free of charge
Explanation:
To answer the question above if a personal balance sheet is a report to your income and expenses. the answer is letter A, True. Balance sheet as a whole is a statement of the assets and liabilities, it details the income and expenditure over a preceding period of time.
Even when there is no advertising, consumer taste can still change over time due to changes in A. age and education.
<h3>What leads to a change in consumer taste?</h3>
The age of a person can influence their consumer taste because people of different ages have different interests.
For instance, a child might like a certain type of video games such as low graphic and uncomplicated gameplay games while an adult would prefer high level video games that need to be played on consoles.
The education of a person can also influence their consumer taste.
For instance, an educated person might want less unhealthy food because they know the effects it has on the body while a less educated person might want that unhealthy food because they don't know that they are killing themselves slowly.
Options include:
- age and education
- the total number of consumers
- media influence
Find out more on changes in consumer taste at brainly.com/question/14840248
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