Property is included in the gross estate at the value a willing buyer would pay a willing seller, neither being under any compulsion to buy or to sell, and both having reasonable knowledge of the relevant facts.
Answer the following statement true (T) or false (F)
True
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A ________ is a set of interdependent organizations that help make a product or service available for use or consumption by the consumer or business user
A) product line B) product delivery network C) marketing channel D) consumer base E) resource bank
_______________is the systematic gathering of information about the environment, its elements, and its characteristics.
a. Environmental scanning b. Boundary spanning c. Environmental spanning d. Boundary scanning
Matt has some great Christmas gifts for sale but not enough people come into his shop and see them. They tend to shop at bigger retailers instead. He can’t afford media advertising and so he decides to offer Christmas crackers for one penny each (well below what they cost him) to draw customers in. He puts a notice in the window advertising this bargain. What tactic is he using here?
a. predatory pricing b. psychological pricing c. retail pricing d. discounts e. a loss leader
Which of the following statements is true of business process reengineering?
A) It is a very fast process and is easy to carry out. B) When combined with enterprise resource planning (ERP), it has a 100 percent success rate. C) It is a very expensive process. D) Due to its streamlined processes, it requires no expertise.