When a parent retires completely and turns the firm over to a son or daughter, the firm ceases to be a family business.
Answer the following statement true (T) or false (F)
False
Rationale: A firm remains a family business when it passes from one generation to the next.
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An oral contract that would otherwise be unenforceable under the Statute of Frauds may be enforced if a person making a promise could foresee the promisee’s reliance on it.
Answer the following statement true (T) or false (F)
Retailers and industrial distributors prefer exclusive distribution for two reasons. One is that ________.
A. it is usually chosen for convenience B. it provides a point of difference for a retailer or distributor C. it has market coverage benefits D. it eliminates channel conflict E. it is the most common form of distribution intensity
Describe what role social entrepreneurship plays in society.
What will be an ideal response?
Mature organizations emphasize:
A. more rigid management controls over workers' actions. B. holding market share in a declining market. C. fighting for market share. D. building excellence in their management teams.