________ means marketing a product in a foreign market without making any changes to the product
A) Product adaptation
B) Product invention
C) Communication adaptation
D) Straight product extension
E) Product augmentation
D
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Which of the following is not true regarding appropriate tests of controls?
a. The auditor selects controls that are important to the auditor's conclusion about whether the organization's controls adequately address the assessed risk of material misstatement for the relevant debt and equity accounts. b. The client's audit committee selects controls that are important to the auditor's conclusion about whether the organization's controls adequately address the assessed risk of material misstatement for the relevant debt and equity accounts.as of the client's year end. c. The auditor will select both entity-wide and transaction controls for testing. d. If the auditor wants to rely on controls for the financial statement audit, the auditor would test the operating effectiveness of those controls throughout the year.
Choose the correct word or words in parentheses. (What, Which) are some questions I should ask the admissions officer?
Which of the following statements is true of the factors to be considered by a businessperson before appealing a decision?
A) Appellate courts are usually composed of a grand jury. B) A favorable ruling in an appellate court has precedential value. C) Attorneys are less expensive to hire for an appeal than an initial trial. D) The appeal should not allege that a prejudicial error occurred during the trial.
Your manufacturing firm has just secured a sale to the federal government with payment of $450,000 due in nine months
You have asked your bank for cash today with the stipulation that you will give the proceeds from the government contract to the bank in nine months. The bank has agreed to your request if you allow them to discount the cash flows at an annual rate of 8%. How much will the bank pay you today under this agreement? A) $424,761 B) $423,889 C) $476,739 D) $450,000