The majority of entrepreneurial start-ups are financed through monies from
A. personal savings and the contributions of family and friends.
B. venture-capital financing.
C. SBA loans.
D. bank financing.
Answer: A
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Toyota has an advantage over Lexus due to the fact that there are more Toyota dealers, which helps customers save on transportation and search costs in buying and repairing an automobile
Which of the following service outputs relates to this competitive advantage? A) spatial convenience B) service backup C) lot size D) waiting time E) delivery time
Typically the first step of the problem-solution sales presentation is to:
A. prepare a written problem-solution proposal for the prospect. B. have the prospect and the salesperson agree on the nature of the problem. C. analyze the prospect's problem in order to find possible solution. D. convince the prospect to allow the salesperson to analyze the problem. E. prepare the presentation based on previously gathered customer knowledge.
Which of the following is the major difference between the accounting for equity securities and debt securities?
A) Debt securities are classified as liabilities, while equity securities are classified as assets. B) Debt securities are classified as trading debt investments, while equity securities are classified as held-to-maturity equity investments. C) Debt securities earn interest revenue, while equity securities may earn dividend revenue. D) Debt securities of all types have a maturity date, while only a few equity securities have a maturity date.
Worthington Farm raises chickens. For years, it has used wooden coops to haul its poultry to market
The owner of the farm needs to buy some replacement coops and is considering buying plastic coops that are slightly more expensive than wooden ones but much easier to clean after use. This purchase of coops is an example of a ________. A) straight rebuy B) customer-reference purchase C) modified rebuy D) reciprocal purchase E) reverse marketing purchase