Which of the following is a disadvantage of starting a business from scratch?

A. It takessheer sweat equity to build a customer base.
B. The entrepreneur incurs high overhead costs.
C. It results in incompetent customer service.
D. There is no scope for creativity.


Answer: A

Business

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Many large national and international trade shows are losing customers to niche shows

Indicate whether the statement is true or false

Business

Givens Corp is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $500,000 Purchases 225,000 Inventory (beginning) 16,000 Inventory (ending) 30,000 Operating Expenses 148,000 Income Tax Expense 10,000 Retained Earnings (beginning) 53,000 Dividends 15,000 Refer to information for Givens Corp Calculate the cost of goods sold for Givens

Corp a. $275,000 b. $259,000 c. $241,000 d. $211,000

Business

Describe the function of brand-tracking studies

What will be an ideal response?

Business

Functional-area strategies

A. concern the actions, approaches, and practices to be employed in managing particular functions within a business. B. specify what actions a company should take to resolve specific strategic issues and problems. C. are normally crafted by the company's CEO and other senior executives. D. are concerned with how to unify the firm's several different operating strategies into a cohesive whole. E. are normally crafted by operating-level managers.

Business