________ maintains that marketers must satisfy customers' needs in ways that also benefit society and are profitable to the firm
A) Value propositioning
B) Customer relationship management (CRM)
C) The social marketing concept
D) A sales orientation
E) Value chain management
C
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Investing activities involve
A) Long-term investments. B) Short-term investments. C) Long-term assets. D) All of these choices.
If an instrument is payable jointly using the word "and," both persons' indorsements are necessary to negotiate the instrument
Indicate whether the statement is true or false
A buying center that makes its decisions by majority vote is a(n) ________ buying center.
A. consultative B. democratic C. autocratic D. bureaucratic E. consensus
Ferris Manufacturing is all equity financed. Current financial data for Ferris is provided in the table below for three states of nature, which correspond with three levels of sales
The CFO of Ferris, Cameron Fry, is considering a change in capital structure. In particular, he is thinking about borrowing $5,000. He will borrow the money by issuing perpetual bonds with a face value of $5,000 and a coupon rate of 5%. The borrowed money will be used to repurchase shares at $28.57 per share. Repurchased shares will be cancelled. Taxes are 0%. What are Earnings per Share (EPS) in each state of nature if Ferris borrows the money? Ferris Manufacturing Bad Normal Good EBIT $500 $1,000 $1,500 Interest 0 0 0 Pre-Tax Income 500 1,000 1,500 Taxes (0%) 0 0 0 Net Income 500 1,000 1,500 # Shares 500 500 500 EPS $1.00 $2.00 $3.00 A) Bad: $1.00; Normal: $2.00; Good: $3.00 B) Bad: $0.77; Normal: $2.31; Good: $3.85 C) Bad: $0.50; Normal: $1.50; Good: $2.50 D) Bad: $1.54; Normal: $3.08; Good: $4.62 E) Bad: $1.25; Normal: $2.25; Good: $4.15