Element Inc manufactures a new range of smartphones to take on incumbent competitors. Element grabs a huge chunk of the market share in its first year because of its feature-rich smartphones
Element's smartphones come with bigger screen sizes, greater memory capacities, and a free online music subscription for two years. The competitors fail to lure customers despite massive price reductions. Which of the following strategies is being used by Element?A) focused niche strategy
B) loss leader strategy
C) cost leadership strategy
D) product differentiation
D
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When MCI Communications first entered Latin America, it utilized expatriate Americans to work for them despite the high cost of doing so
Indicate whether the statement is true or false
Barley, Inc sold $30,000 of 8% bonds for $40,200. Each $1,000 bond carried eight rights and each right allowed the holder to acquire one share of $10 par stock for $16 a share. After the issuance of the securities, the bonds were quoted at 104 and the rights were quoted at $4 each. Later, one-half of the rights were exercised. At date of exercise, how much should be credited to Additional Paid-in
Capital? A) $1,320 B) $720 C) $600 D) $2,640
The risk of the firm increases the _____________________________________________
Fill in the blank(s) with correct word
The exclusive right to sell a product within a certain geographic area is called a
A) leasehold. B) franchise. C) patent. D) copyright.