Businesses are all very concerned with the bottom line. The bottom line is:
a. assets = liabilities + owners’ equity
b. total income
c. owners’ equity divided by total expenses
d. total revenues – total expenses
e. all assets of the company
d. total revenues – total expenses
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An independent retailer using a central buying organization and joint promotion efforts with other retailers is part of a ________
A) corporate chain store B) voluntary chain C) retailer cooperative D) merchandising conglomerate E) franchise organization
Why do some salespeople deal with an objection by rephrasing the objection as a question?
What will be an ideal response?
The designation of d.b.a. (doing business as) refers to the description for a business that is operating under a trade name
Indicate whether the statement is true or false
What is the effect of an agent terminating a fixed term agency prior to the expiration of the
stated period of time? A) Any contracts previously formed by the agent can be disaffirmed by the third party. B) The authority of the agent changes from express to apparent. C) The agency is terminated, but the agent might be liable for damages to the principal. D) The agency is terminated without further legal consequences. E) The attempted termination of the agency is not effective.