Whirlpool took a 53 percent stake in the Dutch electronics group Phillips' home appliances business. Sharing ownership and control of this business enabled Whirlpool to leapfrog into the European market. This is an example of ________
A) a straight extension
B) a joint venture
C) an exporting agreement
D) a licensing agreement
E) a sprinkler approach
B
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Connor, the owner of a start-up, has studied his competitor's offerings, the value delivered by his company's products, and the cost of providing the product to customers. Based on this research, he has set the prices for his products. Because of this, Connor should:
A. not hesitate in overcharging his customers. B. aggressively discount list prices to ensure customer satisfaction. C. focus solely on price throughout his presentation. D. remember that price is the only concern for customers. E. never apologize for the price he quotes.
If a company's net income varies significantly from year to year, the auditor might consider using an average of the net income from the prior three to five years as the materiality benchmark
a. True b. False Indicate whether the statement is true or false
A company purchased equipment for use in the business at a cost of $14,500, one-fifth was paid in cash, and the company signed a note for the balance. The journal entry to record this transaction will include a:
A. debit to Equipment of $2900. B. debit to Cash of $14,500. C. credit to Notes Payable of $11,600. D. debit to Notes Payable of $11,600.
Identify the phrase or phrases in the sentence. On December 17, 1903, Orville Wright made his historic flight