Which of the following statements is true?
A) The average profiles for profitable high-share and profitable low-share businesses are almost identical.
B) A low-share business with above-average customer value is more profitable than a high-share business with below-average customer value.
C) A low-share niche business's prices are slightly above the average relative price index of 100.
D) Profitable low-share niche businesses tend to have a wide product breadth.
E) Profitable low-share niche businesses tend to spend more on advertising relative to the competition.
B
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Including HR data within the enterprise system allows sharing of common data providing benefits except:
a. creating a single source for obtaining HR information b. increased data redundancy c. improving data accuracy d. ensuring data integrity and consistency
The Ricardian model of comparative advantage includes all of the following assumptions EXCEPT
a. it is only based on two nations and two products. b. product quality varies among nations. c. labor is the only factor of production. d. labor can move freely within a nation.
Which of the following is a legal aspect of promotional communication and subject to guidelines of the FTC?
A) You can use any person's image as long as you don't imply they are endorsing your product. B) Marketing and sales messages are not considered binding contracts. C) Marketing messages aimed at children under the age of 13 are subject to special rules. D) Marketing messages can imply deceptive claims but cannot make an outright statement of the claim if it is untrue. E) Offering a money-back guarantee is considered support for a claim.
Most ventures that are up for sale have good to very successful profit records.
Answer the following statement true (T) or false (F)