Which of the following statements is true?
A. Potential entrepreneurs should establish a formal method for monitoring and evaluating competitive products and services on the market.
B. Customers form the largest source of new ideas for entrepreneurs.
C. While members of the distribution channel may be willing to provide new ideas for entrepreneurs, they may not help market them.
D. The Federal Government is not a source of new ideas since the patent information they collect is confidential.
Answer: A
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A company's inventory records report the following in November of the current year: BeginningNovember 15 units @ $20PurchaseNovember 210 units @ $22PurchaseNovember 126 units @ $25On November 8, it sold 12 units for $54 each. Using the LIFO perpetual inventory method, what amount of gross profit was earned from the 12 units sold?
A. $388 B. $438 C. $366 D. $577 E. $260
________ is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
A. Marketing B. Economics C. Finance D. Accounting E. Manufacturing
A swap transaction in the forward market involves the simultaneous sale and purchase of a certain amount of foreign currency for ________
A) one specific date in the future B) many different dates in the future C) two different dates in the future D) speculation under the correct conditions
A U.S.-based company, Stewart, Inc., arranged a 2-year, $1,000,000 loan to fund a project in Mexico. The loan is denominated in Mexican pesos, carries a 10.0% nominal rate, and requires equal semiannual payments. The exchange rate at the time of the loan was 5.75 pesos per dollar, but it dropped to 5.10 pesos per dollar before the first payment came due. The loan was not hedged in the foreign exchange market. Thus, Stewart must convert U.S. funds to Mexican pesos to make its payments. If the exchange rate remains at 5.10 pesos per dollar through the end of the loan period, what effective interest rate will Stewart end up paying on the loan?
A. 10.36% B. 11.50% C. 17.44% D. 20.00% E. 21.79%