When Many Consumers Think of Adhesives,they Think of 3M Because

question 122

Multiple Choice

When many consumers think of adhesives,they think of 3M because it makes so many times of adhesives used in the home.However,the world's largest adhesive producer is Henkel Consumer Adhesive,maker of Loctite and Duct tape.3M and Henkel are part of each other's _____ environment

• A) competitive
• B) economic
• C) social
• D) marketing mix
• E) legal and political

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Definitions:

Accumulated Depreciation

The cumulative amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, indicating the ownership equity spread among shareholders.

Fixed Asset Turnover Ratio

A performance metric that measures a company's efficiency in using its fixed assets to generate sales, calculated as net sales divided by the average net fixed assets.

Depreciation Expense

An accounting method that allocates the cost of a tangible asset over its useful life, reflecting its consumption or wear and tear.