Which of the following statements is true?
A) Offensive strategic market plans require investment for growth, which limits long-run profit performance, but does not limit sales revenue.
B) Defensive strategic market plans promote short-run profit performance but are not that effective in growing sales revenue.
C) In the long run, all market strategy will shift from an offensive strategic market plan to a growth-oriented plan.
D) Offensive strategic market plans are geared to deliver above-average performance in the areas of sales growth, share position, and improved short-run profits.
E) Defensive strategic market plans are not geared towards the protection of market share.
B
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Answer the following statements true (T) or false (F)
1. With the advent of new technology, written reports are being phased out. 2. The groundwork or preliminary effort a report writer makes before the report is written often takes more time than actually writing the report. 3. Most of the data needed for business reports are primary data. 4. Formality and frequency are two elements by which reports can be classified.
A performance report for variable overhead reveals:
A) the aggregate variable overhead spending and efficiency variances B) the volume and spending variances C) the spending and efficiency variances for each variable overhead item D) both the aggregate variable overhead spending and efficiency variances and the spending and efficiency variances for each variable overhead item E) both the volume and spending variances and the spending and efficiency variances for each variable overhead item
Claudia sells her highly successful hair salon to Carl. In the sales contract, Claudia agrees never to open a hair salon in the state. Which of the following best describes this contract clause?
A) Void as an illegal primary restraint B) Valid as a reasonable restraint on trade C) An unenforceable restraint of trade contrary to public policy D) Binding as fair protection
Which of the following is not a proper citation to an Internal Revenue Code section?
A. Sec. 1001 B. IRC 1001 C. Section 1001 D. ยง1001