Belling is a chain of coffee shops. List possible competitors first from an industry point of view and then from the market point of view
What will be an ideal response?
Student answers will vary. From an industry point of view, Belling's competitors will be other coffee shops, coffee machines, and outlets that sell coffee in addition to other foods. From a market point of view, Belling's competitors could be anything from restaurants to supermarkets selling ready-to-drink coffee.
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Which of the following statements is true of culture?
A) Culture includes only conscious, and not unconscious, values. B) Culture is innate in nature. C) All facets of culture are interrelated. D) The earlier the cultural responses are learned, the easier they are to change.
Which of the following documents defined accounting as a service activity whose function is “to provide quantitative information... that is intended to be useful in making economic decisions”?
a. “Objectives of Financial Statements” (Trueblood Committee Report) b. “Basic Concepts and Accounting Principles Underlying Financial Statements of Business Enterprises” (APB Statement 4) c. “A Statement of Basic Accounting Theory” (ASOBAT) d. “Statement of Accounting Theory and Theory Acceptance” (SATTA)
A ______ is a positive moral trait or quality.
Fill in the blank(s) with the appropriate word(s).
Which of the following is NOT a major reason why people act competitively in teams?
a. Cultural differences b. Personality differences c. Differences in team size d. Differences in organizational rewards