A type of visual plan that is especially useful for identifying gaps in the business idea is called the ______.
a. back of the napkin
b. business model canvas
c. key component model
d. customer relationship model
b. business model canvas
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A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 15% trade discount and credit terms of 2/10, n/30. How much cash will be needed to pay this invoice within the discount period?
A) $15,000 B) $14,700 C) $12,750 D) $12,495
Which sentence is punctuated correctly?
A) Susan wondered whether she should apply for the job? B) Susan asked whether she should apply for the job? C) Should Susan apply for the job?
Which of the following in NOT a potential benefit of granting trade credit?
A) Enhances competitiveness for the firm granting credit. B) A delay in receiving payment from customers. C) May assist in generating additional sales. D) May allow quicker movement of inventory.
Entrepreneurs are best characterized as
a. aggressive catalysts for change. b. good managers. c. hard to get along with. d. not fitting in to an ordinary workplace.