The final checklist for the market analysis section of your business plan would include which of the following?
a. Evidence that you have a target market that is healthy and growing
b. Evidence that you deeply know customers’ needs
c. Evidence that you can beat the guys next door
d. All of the above
d. All of the above
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Select the correct statement.
A. The accounting department normally coordinates the development of the sales forecast. B. The four advantages of budgeting include planning, coordination, performance measurement, and reporting. C. In a participative budgeting system, budget information flows in one direction only, from bottom to top. D. The three major categories of the master budget are operating budgets, capital budgets, and pro forma financial statements.
Department stores are now facing increased competition from factory outlets, membership clubs, and flea markets. This illustrates _____
a. rationalized retailing b. scrambled merchandising c. the retail life cycle d. the wheel of retailing
What are the ways that a firm can create barriers to entry to deter competition in its business? What factors determine whether these barriers are likely to be enduring?
A project manager is using the net present value method to make the final decision on which project to undertake. The company has a 15% required rate of return and expects a 5% rate of inflation for the following four years
What is the NPV of a project that has cash flows as shown in the table? Year Cash Flow 0 -$350,000 1 $50,000 2 $80,000 3 $100,000 4 $150,000 A) $4.955 B) $42,586 C) -$23,667 D) -$122,569