Which of the following characterizes emerging economies?
A) Industrialization typically creates a new rich class and a growing middle class, both demanding new types of imported goods.
B) They trade goods among themselves and also export them to other types of economies for raw materials and semifinished goods.
C) Most African countries fall into this category.
D) They consume most of their output and barter the rest for simple goods and services.
E) These countries are the best markets for large equipment, tools and supplies, and trucks.
A
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The ________ method of determining area market potential calls for identifying all the potential buyers in each market and estimating their potential purchases
A) group-discussion B) market-test C) market-buildup D) brand development index E) multiple-factor index
According to the text, the most difficult selling situation faced by a creative salesperson is:
A. handling questions and objections raised by prospects. B. persuading people that they can afford something they think they cannot. C. persuading prospects that the current products they are using are no longer satisfactory. D. having to sell to numerous people in an organization to get one order. E. dealing with prospects who resent the salesperson coming to see them.
The Austin Land Company sold land for $85,000 in cash. The land was originally purchased for $65,000, and at the time of the sale, $40,000 was still owed to Regions Bank on that purchase. After the sale, The Austin Land Company paid off the loan to Regions Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?
A) assets decrease $20,000; liabilities decrease $40,000; owner's equity increases $20,000 B) assets increase $20,000; liabilities decrease $40,000; owner's equity increases $20,000 C) assets decrease $25,000; liabilities decrease $40,000; owner's equity increases $65,000 D) assets increase $45,000; liabilities decrease $40,000; owner's equity increases $85,000
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales$17,000,000Net operating income$1,581,000Average operating assets$5,000,000The division's margin is closest to:
A. 31.6% B. 9.3% C. 29.4% D. 38.7%