Rebecca and Donna, owners of Fine Coffee and Pastry Shop, are concerned because Panera Bread is opening a new store just one mile from their shop. Rebecca and Donna know that Panera will be offering similar products; therefore, Panera Bread will be a ____ to Rebecca and Donna.
A. competitor
B. competitive ally
C. strategic ally
D. distributor
E. internal stakeholder
A. competitor
Competitors are people or organizations that compete for customers or resources.
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Which flow of communication direction sends messages from the upper levels of the organizational hierarchy to the lower levels?
a. Lateral b. Horizontal c. Downward d. Upward
War, inflation, and the condition of the foreign markets are all examples of ________
A) business specific risk B) nondiversifiable risk C) internal risk D) unsystematic risk
Using the Rule of 72, how long will it take $5,000 to grow to $20,000 at an interest rate of 8%?
a. 9 years b. 12 years c. 18 years d. 36 years
Vertical analysis:
A. involves comparing amounts across different financial statements. B. identifies trends over time. C. identifies the relative contribution made by each financial statement line item. D. provides an understanding of the relationships among various items on financial statements by expressing the differences in terms of dollars.