Buyers are more likely to be powerful relative to the firms from which they purchase goods and services if:
Select one:
a. THE INDUSTRY'S GOOD OR SERVICES ARE STANDARDIZED OR UNDIFFERENTIATED Correct
b. the good or service purchased by the buyers represents a negligible percentage of the buyer's costs.
c. the good or service is of significant importance to the quality or price of the buyer's offerings.
d. buyers face high switching costs in changing vendors.
e. there are relatively few firms supplying the industry compared to the number of buyers.

Aproduction order quantity problem has a daily demand rate = 10 and a daily production rate = 50. the production order quantity for this problem is approximately 612 units. what is the average inventory for this problem?

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.