____ depends on the proliferation of mobile communications and computing devices.
A. E-commerce
B. M-commerce
C. W-commerce
D. L-commerce
Answer: B
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Which of the following is true of skim pricing?
A) Skim pricing is most profitably used in the decline stage of the product life-cycle. B) Skim pricing is most useful to a business when there are many competitors in the market offering equivalent products. C) Skim pricing is most effective when product differentiation is diminishing, potential customers are price sensitive, and many competitors or substitutes exist. D) In skim pricing, a company tries to keep its costs as low as possible and to offer a low price that no competitor can beat. E) Skim pricing is viable when a business has a sustainable differentiation advantage in a quality-sensitive market with few competitors.
A production-oriented firm focuses on its internal capabilities
Indicate whether the statement is true or false a. True b. False
The greatest concentration of office buildings and retail stores occurs in the _____ business district
a. unplanned b. central c. neighborhood d. secondary
A firm is offered credit terms of 1/10 net 45 EOM by a major supplier. The firm has determined that it can stretch the credit period (net period only) by 25 days without damaging its credit standing with the supplier
Assuming the firm needs short-term financing and can borrow from the bank on a line of credit at an interest rate of 14 percent, the firm should ________. A) give up the cash discount and finance the purchase with the line of credit B) give up the cash discount and pay on the 70th day after the date of sale C) take the cash discount and pay on the first day of the cash discount period D) take the cash discount and finance the purchase with the line of credit, the cheaper source of funds