If an experiment outcome indicates that the original hypothesis was incorrect, what should the entrepreneur do?
a. conduct another experiment
b. adapt the original assumption
c. move forward until there is another assumption to test
d. terminate the product or business concept
b. adapt the original assumption
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Under U.S. commercial policy, the escape clause results in
a. temporary quotas granted to firms injured by import competition. b. tariffs that offset export subsidies granted to foreign producers. c. tax advantages extended to minority-owned exporting firms. d. duties that offset commercial dumping on the part of foreign firms.
________ includes the underlying motives, perceptions, attitudes, buying habits, and demographic and psychographic profiles of buyers and potential buyers
A) Buyer behavior B) Economic behavior C) Organizational behavior D) Ethical behavior E) Advertising creativity
During 2018, Landers Company had net sales of $17,700,000. The beginning total assets were $10,000,000. The asset turnover ratio was 1.5 times. Calculate the ending total assets of Landers. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $13,600,000 B) $10,000,000 C) $15,900,000 D) $5,900,000
Lemony Inc sells its popular bottled lemonade — the company's only product — in various geographic locations through tie-ups and agreements with retailers
Each location is represented by two salespersons, one of whom serves current customers while the other finds new ones. Which of the following sales-force structures has most likely been combined to form the complex sales-force structure at Lemony Inc? A) market and territorial B) market and customer C) product and territorial D) market and product E) geographical and product