In the Context of Small Businesses, Which of the Following

question 63

Multiple Choice

In the context of small businesses, which of the following is true about selling products to different ethnic groups?

• A) The median age of most ethnic groups is higher than that of whites.
• B) Most ethnic groups constitute a good market for durable goods.
• C) Ethnic groups cannot be reached through advertising.
• D) Traditional markets and ethnic groups must be targeted in the same way.

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Definitions:

Capacity

The maximum output that an organization can produce in a given period under normal conditions.

Job-Order Costing

A cost accounting system that accumulates costs per individual job or project to determine its profitability or cost-effectiveness.

Predetermined Overhead Rate

An estimated rate used to allocate overhead costs to products or services, based on a chosen activity base.

Automated Shaper

A machine tool controlled by computers, designed for shaping materials such as metals or wood.