The act of taking a prototype directly to potential customers in order to acquire feedback is a hallmark of which skill?
a. skill of creativity
b. skill of reflection
c. skill of experimentation
d. skill of play
c. skill of experimentation
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Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol has a capital of $91,000. Ronald decided to withdraw from the partnership and received $86,000. Which of the following will be included in the journal entry to record this? (Assume an equal profit-loss sharing between the existing partners.)
A) Cash is credited for $9000. B) Ross, Capital is credited for $4500. C) Carol, Capital is debited for $4500. D) Ross, Capital is debited for $9000.
Briefly discuss monopolistic competition
What will be an ideal response?
According to David Vogel, which of the following should a firm be most cautious about when engaging in corporate social responsibility (CSR) activities?
A. Investing in corporate social responsibility (CSR) when consumers are not willing to pay higher prices to support that investment. B. The easily measurable ethical payoff can turn out to be lower than the anticipated levels. C. Employees may become over-indulgent in activities related to social causes. D. Attrition levels may rise because of indifference among employees engaging in activities related to social responsibility.
A market position refers to ________
A) the organization's decision to use no more than two elements of the marketing mix B) the location where the organization sells its products C) the specific means the organization uses to distribute its products D) how the target market perceives a product in relation to competitors' products E) the strategic planning and execution of the marketing mix