Vertical integration is a strategy in which a company expands backwards into an industry that provides outputs for its products. Usha Martin followed this strategy by:

a. aking coal and then starting to make wire ropes.
b. making wire ropes and expanding to make the steel for the ropes.
c. implementing coal mining and then starting to make steel.
d. making steel and expanding to making the wire ropes out of it.

"consists of larger societal forces that affect how a company engages and serves its customers."

Yolo windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars): information on january 1 (beginning): direct materials inventory $ 89 work-in-process inventory 111 finished goods inventory 1,620 information for the year: administrative costs $ 3,610 direct labor 12,900 direct materials purchases 8,210 factory and machine depreciation 11,720 factory supervision 774 factory utilities 940 indirect factory labor 2,880 indirect materials and supplies 688 marketing costs 1,480 property taxes on factory 282 sales revenue 45,800 information on december 31 (ending): direct materials inventory $ 94 work-in-process inventory 138 finished goods inventory 1,430 required: prepare an income statement with a supporting cost of goods sold statement. (enter your answers in thousands of dollars (i.e., 234,000 should be entered as

Which of the following best explains why improvements in communication technology allow people to make better economic decisions? a. better communication makes it easier to get the information needed to come to a well-informed decision. b. improved communication devices make it more convenient for people to talk with each other while making decisions. c. reductions in waiting time that result from widely-available communication devices enable consumers to avoid making hasty decisions. d. faster communication allows consumers to avoid the information overload that makes decisions harder to make.