Which of the following is not a disadvantage of using credit?
A) Makes it easier to save
B) The potential high cost
C) The difficulty in paying back loans
D) The potential for personal bankruptcy
Answer: A
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Achieving a marketplace advantage by teaming up with another company whose products or services fit well with your own is referred to as a:
A) marketing strategy B) customer strategy alliance C) sales strategy D) strategic selling alliance E) successive sales alliance
Using the General Electric strategic planning grid, an opportunity rated "medium" in terms of both industry attractiveness and business strengths is an opportunity that the firm should always avoid.
Answer the following statement true (T) or false (F)
Which of the following is a type of financial security issued by a corporation in need of capital?
A) bonds B) preferred stock C) common stock D) all of the above
Which of the following describes the Planning function within the management cycle?
A. Taking actions to implement the plan B. Setting short and long-term objectives C. Arranging the necessary resources to carry out the plan D. Comparing actual to budgeted results and taking corrective action