US Manufacturers Are Focusing on Quality as a Way to Become

question 159

True/False

U.S. manufacturers are focusing on quality as a way to become more competitive globally, assuming that cost is not an issue.

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Definitions:

Consolidated Sales

The total sales revenue of a parent company and its subsidiaries, reported as one figure in the consolidated financial statements.

Normal Markup

The standard percentage added to the cost of goods to determine their selling price.

Consolidated Sales

The total sales of a parent company and its subsidiaries, after eliminating intercompany sales, reported in the consolidated financial statements.

Normal Markup

The standard amount or percentage added to the cost of a product to determine its selling price.