Identify, with examples, different sources of competition
What will be an ideal response?
A business may face competition from various sources either within or outside the industry. Competition may come from essentially similar products or from substitutes. The competitor may be a small firm or a large, multinational corporation.
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Another term for the chain of command within an organization, as represented on an organizational chart, is
A. reporting linkage. B. span of control. C. horizontal specialization. D. vertical hierarchy. E. network structure.
In exchange for the rights inherent in an option contract, the owner of the option will typically pay a price
a. only when a call option is exercised. b. only when a put option is exercised. c. when either a call option or a put option is exercised. d. at the time the option is received regardless of whether the option is exercised or not.
Terrance should most likely understand a customer's emotional buying motives because such motives are:
A) only overcome by nonverbal communication B) foundations for rational buying motives C) influential in most buying decisions D) factors in cost/benefit analyses E) barriers to most high-end sales
A loss due to a discontinued operation should be reported in the income statement
A) above income from continuing operations. B) without related tax affect. C) below income from continuing operations. D) as an operating expense.