Ruben owns an astronomy-themed restaurant. The entire restaurant resembles a planetarium. He has also installed a projector that transforms the ceiling into a night sky. Ruben used most of his savings to fund this venture and also borrowed funds from his friends and family. In the given scenario, Ruben used _____ to fund his business.
A. crowdfunding
B. commercial loans
C. personal resources
D. venture capital
Answer: C
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When an organization is giving its own sales people, or other agents, additional money to sell a particular product it is utilizing the technique of push money. Another term for push money is:
a. rebate b. sales contest c. premium d. trade allowance e. bribery
Margo is in possession of a check issued to her by Felix. The check states, "Pay to the order of Margo." If Margo wishes to transfer the check to Pete to pay a debt she owes him, all she needs to do is strike out her name on the front of the check, write in Felix's name and give it to him
a. True b. False Indicate whether the statement is true or false
If facilities have lower fixed costs, many local facilities are preferred because this helps lower transportation costs
Indicate whether the statement is true or false.
When looking for new-product ideas, which of the following would be good sources?
A. your production people B. your competitors C. your salespeople D. your intermediaries E. All these answers are correct.