If there is no written agreement as to the way income will be divided among partners
a. they will share income and losses equally
b. they will share income and losses according to their capital balances
c. they will share income and losses according to the time devoted to the business.
d. there really is no partnership agreement
a
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A) negative B) latent C) primary D) derived E) composite
A business is an organization that provides goods or services to their customers in exchange for money or other items of value
Indicate whether the statement is true or false
Flotation costs are typically greater in the secondary market than in the primary market
Indicate whether the statement is true or false
The key steps of the personal selling process consist of the following: Prospect for new customers; select target customer; preplan sales call and presentation; make sales presentation; ________; and follow up after the sales call.
A. contact buyer B. close sale C. create interest D. overcome objections E. open sale