Describe in a paragraph why a well-defined business plan may attract high-quality employees
What will be an ideal response?
Answers may include: In order to recruit high-quality employees, a business owner must understand the company's operation, product, and direction toward profitability. Quality workers are in demand and search for top-notch companies who have a very clear direction and purpose. A well-defined business plan forces an entrepreneur to think and evaluate all the aspects of the business from its mission and management team to operations and sales and marketing.
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When devising a channel strategy, it is necessary to be realistic about the intermediary's motives. What is "cherry picking" and how does it affect careful selection of a channel strategy?
What will be an ideal response?
Attacking the root cause of a problem is always the best approach.
Answer the following statement true (T) or false (F)
Spencer, age 18 and of sound mind, has the legal capacity to contract
Indicate whether the statement is true or false
James and Debra Reid purchased a home for $623,000 in January 2014. They put down $62,300 and financed the remainder with Fifth Third Bank. Fifth Third Bank recorded its mortgage on February 1, 2014. On March 31, 2014, the Reids purchased a swimming pool and the pool contractors, Cristoria Pools, financed the construction for $45.000. Cristoria recorded a second mortgage on the property on April
15, 2014. On December 15, 2014, the Reids sold their house to the Griffins for $720,000. The Griffins put $120,000 down and agreed to pay the Reids for the existing mortgage in wrap-around. The mortgage balance at the time of the sale was $619,000. The balance on the Cristoria mortgage was $42,000. On August 15, 2015, the Griffins defaulted on their payments. The Reids had already purchased another home and were unable to make the payments on the home. Fifth Third Bank foreclosed on the mortgage. ?Who has second priority after expenses are paid? A)?Fifth Third Bank B)?Cristoria Pools C)?The Reids D)?The Griffins