The "legacy" brand is the original brand that started the company.
a. True
b. False
a. True
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ToyBox is a toy manufacturer based in the United Kingdom. Which of the following indicates that the company is following a market penetration strategy?
A) It introduces a line of children's clothing in the United Kingdom. B) It acquires toy rights for a popular cartoon character to boost its sales. C) It introduces its toys in the Indian and South-East Asian markets. D) It enters the U.S. market with a line of children's clothing. E) It develops a new line of educational software targeted at the current market.
Activity analysis is one of the first stages in implementing activity-based cost management (ABCM). Which of the following steps in activity analysis is usually performed first?
A. Continuously improve the efficiency of all value-added activities and develop plans to eliminate or reduce nonvalue-added ones. B. Classify all activities as value-added or nonvalue-added. C. Chart, from start to finish, the activities used to complete the product or service. D. Identify the process objectives that are defined by what the customer wants or expects from the process.
Although not covered by the original statute of frauds, most states have statutes requiring a writing to make all but which of the following contracts enforceable?
a. A contract to make a will. b. A contract authorizing an agent to sell real estate. c. Contracts for the sale of securities. d. Contracts creating certain types of security interests.
What is a lockbox system for collecting accounts receivable, and how can it reduce a firm's collection float?
What will be an ideal response?