Consumers can use a national company called Service Magic to receive bids from quality providers of a variety of services, including home remodel, landscaping, plumbing, and housecleaning. Service Magic charges service providers for the leads it provides to them monthly. Which of the following is the source of Service Magic's strategic position?
A. Low-profit margin and many customers.
B. Broad needs and few customers.
C. Broad needs and many customers.
D. High-profit margin and many customers.
E. High-profit margin and few customers.
C. Broad needs and many customers.
According to Porter, strategic positioning attempts to achieve sustainable competitive advantage by preserving what is distinctive about a company. "It means," he says, "performing different activities from rivals, or performing similar activities in different ways."
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Bartlett Industries began operations on January 2, 2015, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000 . Bartlett Industries paid a total of $100,000 in dividends to its stockholders during the year. Read the information about Bartlett Industries. If the company's revenues were $500,000 for the year ended December 31, 2015,
how much were total expenses? a. $160,000 b. $260,000 c. $640,000 d. $740,000
[APPENDIX] When the owner of a sole proprietorship withdraws assets from the business for personal use
a. it is treated like a noncash dividend. b. it is illegal because the assets belong to the separate entity, the proprietorship. c. it would be recorded as a loss by the proprietorship. d. it is recorded as a reduction of owner's equity.
A computer network within a building, or a campus of adjacent buildings, is called a(n) _____, or LAN.
Fill in the blank(s) with the appropriate word(s).
Isabel works as a senior jewelry buyer for a department store chain. On a recent visit to a trade show, she noticed a new vendor selling unique earrings, necklaces, and bracelets made of glass. She had seen such pieces in trade magazines, but initially ignored them because of the exorbitant price. She thought her affluent customers would appreciate the look, so she decided to talk with the sales representative to learn more about the possibility of a trial in only a few of her top stores. Isabel is in the ________ phase of building strategic relationships.
A. commitment B. exploration C. expansion D. awareness E. consideration