Give suggestions on what actions entrepreneurs can take to improve their accounts payable.
What will be an ideal response?
• Negotiate longer payment terms with their suppliers, justified by the volume purchased and/or the trust built over time.
• Request that their suppliers invoice them only upon receipt of the product (especially with international suppliers).
• Set priorities. Pay the bills that incur an interest charge within a certain period or that offer a discount first.
• Invest in a good accounting system to organize bills, payments, and warning alerts.
• Test suppliers by delaying payments. They may have set a 30-day payment simply as a standard but may not mind if they receive payments within 50 days.
• Study the local culture and offer payment terms that are in line with the local conditions.
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Organizations are often instrumental in helping consumers to identify their own needs. Marketers refer to this need recognition as
A) consumer potential. B) customer demographics. C) customer psychographics. D) consumer satisfaction. E) consumer activism.
Strong verbs usually convey direct, ____________ messages
a. positive b. negative c. memorable d. primary
The evening news was full of stories about how Levine sold fraudulent negotiable instruments to investors around the country. Two days later, Brighty, who did not hear the news reports, bought some of the fraudulent negotiable instruments from a swindled investor. Can Brighty claim the position of a holder in due course considering the publicity of the scam?
a. Brighty is presumed to have knowledge of the scam and therefore did not purchase the instruments in good faith. b. Although Brighty passes the subjective test of good faith, he fails the objective test and therefore cannot claim to have purchased the instruments in good faith. c. Brighty can claim to have purchased the instruments in good faith if he subjectively believed the instruments were valid and if objectively his purchase of the instruments was commercially reasonable. d. Brightly cannot be a holder in due course because once an action of fraud is discovered, no additional claims against that party can be sought.
In the context of the emerging markets of Asia, India is attractive to multinationals, especially U.S. and British firms.
Answer the following statement true (T) or false (F)