Bret first opened his hardware store in 1946. His sons took over when Bret retired, and now Bret's grandchildren run the store. This type of family business is known as:
A. a sibling partnership.
B. a franchise.
C. a cousin consortium.
D. an owner-managed business.
Answer: C
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In the relational database model
a. relationships are explicit b. the user perceives that files are linked using pointers c. data is represented on two-dimensional tables d. data is represented as a tree structure
Which of the following is a disadvantage of the memorized sales presentation?
A. Salespeople are often disorganized when they use the memorized sales presentation. B. The memorized sales presentation is not effective when selling time is short. C. The difficulty involved in preparing and using the memorized sales presentation often frightens inexperienced salespeople. D. The memorized sales presentation presents features, advantages and benefits that may not be important to the buyer. E. The memorized sales presentation includes too much prospect participation.
Someone who is concerned with both personal success and group success is called a(n):
a. Competitor b. Machiavellian c. Individualist d. Cooperator
A new entrant in a market dominated by established players introduces itself with copycat products of another competitor. Would this strategy work in the long-term for the firm? Justify your answer.
What will be an ideal response?