Small firms are at an advantage when competing on price.
Answer the following statement true (T) or false (F)
False
It is almost always a bad idea for a small firm to try to compete on price. Competing on price may lead to a price war in which you just don't have the staying power of a big firm.
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The first step in the personal selling process is ________
A) preapproach B) prospecting C) approach D) overcome objections E) sales presentation
What are the purposes of defensive strategies? Give at least two examples of defensive moves.
What will be an ideal response?
Which type of venture experiences (on average) the greatest success when they enter the field near the beginning of the growth stage?
a. Service Based Ventures b. Consumer Product Ventures c. Technology Based Ventures d. Manufacturing Ventures
The following transactions apply to Kellogg Company.1) Issued common stock for $20,000 cash2) Provided services to customers for $38,000 on account3) Purchased land for $15,000 cash4) Incurred $29,000 of operating expenses on account5) Collected $35,000 cash from customers for services provided in event #26) Paid $27,000 on accounts payable7) Paid $2,000 dividends to stockholdersRequired:a) Identify the dollar amount effect on the statement of cash flows, if any, for each of the above transactions. b) If applicable, indicate whether each transaction involves operating, investing, or financing activities. 
What will be an ideal response?