Arby's sells its food items through company-owned stores and through franchises. Arby's uses ____ as a channel strategy.
A. channel extension
B. intermediary exclusion
C. broker utilization
D. multichannel distribution
E. channel diversification
Answer: D
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Shaun is a student who has received an academic scholarship to State University. The scholarship paid $14,000 for tuition, $2,500 for fees, and $1,000 for books. In addition, Shaun's dormitory fees of $8,500 were paid by the university when he agreed to counsel freshman on campus living. What amount must Shaun include in his gross income?
A. $9,500 B. $2,500 C. $11,000 D. $8,500 E. $0-none of these benefits are included in gross income.
The concept of strategic groups is relevant to industry and competitive analysis because
A. the profit potential of firms in the same strategic group is usually very similar. B. firms in the same strategic groups are rarely close competitors-a firm's closest competitors are usually in distant strategic groups. C. competitive pressures tend to be weaker within strategic groups than across strategic groups. D. strategic group maps help identify how each competing firm is positioned and the relationship to its closest competitors. E. competition grows in intensity as the number and diversity of the strategic groups in an industry increases.
Franco buys a sound system from Georg at Georg's garage sale. Franco writes Georg a check for $250 to pay for the system. Georg is A) none of the choices
B) the drawee. C) the drawer. D) the payee.
Luna Corp. has 220,000 shares of $6-par common stock outstanding. They have declared a 10% stock dividend. The current market price of the common stock is $14/share. What is the amount that will be credited to Common Stock on the date of declaration?
A) $132,000 B) $440,000 C) $308,000 D) $184,800