Which of the following observations is true of a mature market?
A. Price moves up the demand curve over time.
B. There is downward pressure on prices.
C. Profit margins are never under threat.
D. Differentiating the value a firm offers is easy.
E. Pricing choices are abundant.
Answer: B
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The journal entry for the receipt of a cash payment on common stock subscriptions would include
a. debiting Cash and crediting Common Stock Subscriptions Receivable. b. debiting Cash and crediting Common Stock. c. debiting Common Stock and crediting Common Stock Subscriptions Receivable. d. debiting Common Stock Subscriptions Receivable and crediting Common Stock.
According to Michael Porter, the buyers in an industry enjoy bargaining power when ________
A) they are planning to integrate horizontally B) they purchase in large quantities from supplier firms C) supplier products represent a small portion of the buyers' costs D) the supplier's products are highly differentiated
What type of account is Cash Short and Over?
A) ?Asset B) ?Liability C) ?Deferred revenue D) ?Expense
A retail firm can be correctly placed in only one institutional classification
Indicate whether the statement is true or false