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QUESTION At year-end 2016, total assets for Arrington Inc. were $1.8 million and accounts payable were$450,000. Sales, which in 2016 were $3.0 million, are expected to increase by 25% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to$500,000 in 2016, and retained earnings were $475,000. Arrington plans to sell new common stock in the amount of$130,000 The firm’s profit margin on sales is 5%; 35% of earnings will be retained. a. What were Arrington’s total liabilities in 2016? b. How much new long-term debt financing will be needed in 2017? ( Verified answer Other Quizlet setsManagers must decide on which products and services to introduce in which countries. When selecting a country, they must take into consideration the type of government, market-entry requirements, tariffs and other Then, they must decide whether to standardise the product, selling it everywhere, or to customise the product to accommodate the lifestyles and habits of local target markets. Sets with similar termsWhat is the difference between a product line and a product mix?A product line is a singular line of similar products that are sold within a company. A product mix is the combination of all product lines sold by the business. Some companies may have multiple product lines contributing to a large product mix.
What is the difference between a product line and a product mix quizlet?A product line is a group of products within the product mix that are closely related, either because they function in a similar manner, are sold to the same customer groups, are marketed through the same types of outlets, or fall within given price ranges.
What is product mix and product line example?A product mix is a group of everything a company sells. However, the product line is a subset of the product mix. A product line refers to a unique product category or product brand a company offers. For example, Patanjali deals in different categories of products which include shampoo, flour, toothpaste, etc.
What are the difference between product mix and product mix strategies?The key difference between Marketing Mix and Product Mix is that Marketing Mix is a broader term which includes the complete array of marketing tactics while product mix only refers to few elements of the product variable from the whole marketing mix.
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