The Ratio of SG&A/Revenue Is an Indicator of a Firm's

question 32

Multiple Choice

The ratio of SG&A/Revenue is an indicator of a firm's focus on

• A) researching to produce innovative products and services.
• B) marketing to promote its products and services.
• C) producing a good in an efficient manner.
• D) creating a good that is cost-effective.

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Definitions:

Value

The ratio of perceived benefits to price; or Value = (Perceived benefits ÷ Price).

Mission Statement

A short statement of an organization's purpose, defining its goals, ethical values, and primary objectives for its target audience.

Objective Goal

A specific, measurable, attainable, relevant, and time-bound target that an individual or organization aims to achieve.

Vision Statement

A future-oriented declaration of an organization's goals and aspirations, outlining what it hopes to achieve in the long term.