Which of the following statements is true of buying an established business?
A. There is more creative freedom than when starting a business from scratch.
B. Relationships with customers have to be established.
C. Getting financing and credit is less challengingthan when starting a business from scratch.
D. The chance of first-year failure is zero.
Answer: C
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The gross profit ratio is computed by subtracting cost of goods sold from net sales and dividing by net sales
a. True b. False Indicate whether the statement is true or false
What is the present value of the following cash flow stream at a rate of 8.0%?
A. $7,917 B. $8,333 C. $8,772 D. $9,233 E. $9,695
What is a technique that is NOT a variation of person-administered survey?
A) in-home interview B) mall intercept interview C) drop-off survey D) telephone interview E) in-office interview
A VP of Global Products at Tiffany's is in the process of developing financial and strategic objectives. Tiffany's is a luxury jewelry and accessories company. The VP realizes she needs to add short-term and longer-term performance targets. Is it important for her to spell out both short-term and long-term performance targets? Which time frame is more important? Are there tradeoffs involved? Explain.
What will be an ideal response?