Jean-Marie is considering expanding her bakery business from France into Croatia. What information would help her determine a good location to start her business there?
What will be an ideal response?
She should first look for cities with a large number of potential customers, people with disposable income that would be open to a quality French bakery. She should then look at the state of existing competition in the market and if the market is already saturated or if there is room for a new entrant. If she is able to find a neighborhood with a high percentage of French citizens, this could be a good location for her.
You might also like to view...
If luxury brands such as Versace clothing, Lexus automobiles, and Dom Perignon champagne wanted to promote an image of superior quality and exclusivity to customers, they would most likely use which pricing tactic?
A. dynamic pricing B. luxury pricing C. prestige pricing D. cost-plus pricing E. odd pricing
After the firm estimates the amount of uncollectible accounts associated with the credit sales of each period, it makes an adjusting entry to debit _____ and credit _____
a. Bad Debt Expense; Accounts Receivable, Net b. Bad Debt Expense; Accounts Receivable, Gross c. Allowance for Uncollectibles; Bad Debt Expense d. Bad Debt Expense; Allowance for Uncollectibles e. Allowance for Uncollectibles; Accounts Receivable, Gross
Which of the following vision statements is most likely to produce a sustainable competitive advantage for an auto dealership?
A. to sell only the highest-rated luxury vehicles B. to open dealerships all across the country. C. to generate the highest revenues of any dealership in the region D. to help our customers find the perfect car for their individual needs.
A company issued 7%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 7.5%. The company received $97,946.80 cash for the bonds. Using the effective interest method, the amount of interest expense for the second semiannual interest period is:
A. $3,673.01. B. $3,679.49. C. $7,000.00. D. $3,500.00. E. $7,346.03.