Answer the following statement(s) true (T) or false (F)
1. To be classified as a small business, a firm must have fewer than 100 employees.
2. According to the definition given by the Small Business Act, small businesses must be independently owned and operated.
3. A small business is considered small when compared to other businesses in the same industry.
4. Small businesses make a relatively small contribution to the economy.
5. More than 90 percent of all corporations are small, including farms.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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Describe parallel simulation
SeaFood Family markets its frozen seafood products to the domestic United States market and to several Central American countries. SeaFood Family recently had a surplus of products. Management decided to maintain prices in the U.S
market but drastically cut prices in the Central American markets in order to reduce excess supply. SeaFood Family would most likely be accused of pirating. Indicate whether the statement is true or false
Selective exposure occurs when consumers change information that conflicts with their feelings or beliefs.
Answer the following statement true (T) or false (F)
Companies need to justify their EC investments as part of strategy formulation for a number of different reasons, but a majority of companies lack the knowledge or tools to do ROI calculations
Indicate whether the statement is true or false