When a company establishes an outstanding reputation and has a competitive advantage because of it, the companyshould record goodwill on its financial statements
a. True
b. False
Indicate whether the statement is true or false
False
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Identify and describe the three fundamental components of organizational structure and explain why it is important to understand each component.
What will be an ideal response?
Which of the following generally represents a large percentage of total costs in service business?
a. Machinery b. Labor c. Automated production equipment d. Logistics
Which statement BEST describes how to present the business concept in a business plan?
a. Omit references to customers since they will be discussed later in the plan. b. Establish the context for everything else included in the business plan. c. Present the concept in narrative form withoutvisuals. d. Focus it on features of the product or service involved. e. Omit visuals at this point.
What groups similar attributes together to discover segments or clusters, and then examine the attributes and values that define those segments?
A. Classification B. Clustering C. Estimation D. Affinity grouping