In the context of small businesses, franchises tend to fail because of unsuccessful marketing.
Answer the following statement true (T) or false (F)
True
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If a country's potential output is $100 billion and the output gap is 5%, the country's actual output is
A. $500 billion. B. $20 billion. C. $95 billion. D. $105 billion
Consequences or justifications always override every other consideration when comparing alternatives for ethical decision making.
Answer the following statement true (T) or false (F)
Gladiator Apparel is the market leader in the sportswear industry. Though most of its resources are common to those of its competitors, a few rare resources have helped the company gain and sustain a competitive advantage. Which of the following assets of Gladiator Apparel is most likely to be considered a rare resource that is contributing to its competitive advantage?
A. the company's land and buildings B. the company's raw material supplies C. the company's plant and machinery D. the company's design patents
Which of the following is an advantage of a proprietorship?
A. It makes it easy for the owner to obtain credit. B. It offers unique tax advantages. C. It provides access to unlimited capital. D. It continues to legally exist even after the proprietor's death.