Whirlpool has most likely adopted a Customer (or market) Sales Force Structure.
Customer (or market) Sales Force Structure refers to a sales technique in which companies assigned a number of employees to handles all the sales specifically on a certain region and introducing company's full line of product/services to the customers in the process.
Answer: Variable cost pricing
Explanation:
Marianne wants to sell in Mexico by setting the selling price in such a way that she adds the total variable cost to the markup. This way she would meet her cost and gain some level of profit.
This scenario illustrates that the company is aiming at fulfilling its <u>"discretionary responsibility".</u>
Discretionary responsibilities are those that are voluntarily expected by a business association. They incorporate advertising exercises, great citizenship, and full corporate social obligation. Through advertising exercises, chiefs endeavor to improve the picture of their organizations, items, and administrations by supporting noble purposes. This type of discretionary obligation has a self-serving measurement.
Answer:
C Liabilities are understated, and net income is overstated.
Explanation:
To accrue for interest expense, the required entries are;
Debit Interest expense (p/l)
Credit Accrued Interest (B/s)
Being entries to recognize accrued interest expense.
If this is not posted, liabilities and expenses for the period would be understated. As such, net income would be overstated.
Hence the right answer is C Liabilities are understated, and net income is overstated.
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? The firm will go out of business.
