FOB Final

Production with the _______ process describes a manufacturing operation in which the production run is short and machines are shut down frequently or changed in order to produce different products.

Intermittent

Rachael is developing a new product and is working with specialists from her organization to eliminate ideas that cannot be developed within the company's resources. Rachael is in what stage of product development?

Screening

Persuasive advertising is used in the ___________ stages of the product life cycle.

Growth and maturity

Which of the following statements is correct regarding stock option plans?

If the stock price increases, employees are likely to exercise their option to purchase the stock

Anita established a corporation in Nebraska, but she recently moved to Colorado where she now conducts her business. What type of corporation does Anita own?

foreign corporation

Greg buys a McDonald's franchise. Greg is the _____ and _____ for McDonald's.

franchisee; does not work

All of the following statements are correct EXCEPT:

Business includes nonprofit organizations that provide services to the public

Mercedes-Benz is an example of a company that benefits from the added value of its successful name. This brand ________ can result in financial gain due to large market shares and decreased price sensitivity.

Equity

Which of the following is NOT a reason for outsourcing?

improving internal management controls