An industry analysis is critical to better understand a firm's financial position because:
A) it provides insight into how the firm's financial needs might change as industry conditions change.
B) it helps identify the key risks and opportunities facing the firm.
C) it provides better insight into how maximize the firm's current financial position relative to its competitors.
D) All of the above.
D
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Explain the concept of competitive advantage and why organizational culture is important in achieving it.
What will be an ideal response?
When a negotiator is trying to discover the intangibles behind the opposing negotiator, they may
A. All of these are ways to discover intangibles. B. ask open questions to get the other party to reveal their intangibles. C. see evidence of the intangible. D. take an observer or a listener with them to the negotiation.
On May 1, Anders Company purchased merchandise in the amount of $5,800 from Shilling, with credit terms of 2/10, n/30. Anders uses the perpetual inventory system and the gross method. The journal entry or entries that Anders will make on May 1 is:
A.
| Merchandise Inventory | 5,800 | |
| Cash | 5,800 |
B.
| Purchases | 5,800 | |
| Accounts payable | 5,800 |
C.
| Merchandise Inventory | 5,800 | |
| Accounts payable | 5,800 |
D.
| Accounts payable | 5,800 | |
| Sales | 5,800 |
E.
| Sales | 5,800 | |
| Accounts receivable | 5,800 |
The media planner's primary goal is to
A. reach everyone in the target market. B. spend as little as possible. C. achieve the appropriate message reach and frequency for the target audience while staying within budget. D. reach the largest number of people in the advertising target that the budget will allow. E. use as many media as possible.