Which of the following apply to a sole proprietorship:
a. a person is in business for himself
b. no government license usually required
c. no tax return required in the name of the business
d. a person is in business for himself and no government license usually required e. none of the other choices
a
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Which problem definition topic is most likely to require primary data collection?
a. to determine the percent of females living in Florida b. to determine a retailer's image based upon fashion leadership and pricing variables c. to determine the growth in the service economy in terms of employment d. to analyze the percent of adult females that work on a full-time basis
Mallory plans to ____ down for a quick nap before her guests arrive
A) lay B) lie
A major advantage of mass selling is that the source-the seller-can get immediate feedback from the receiver.
Answer the following statement true (T) or false (F)
Smalltown has two family-owned hardware stores that have been in business for years. Major Hardware decides that Smalltown would be a good place to build one of its superstores. Major opens, advertising unbelievably low prices; in fact, at below cost
Because Major owns stores nationally, it is able to keep prices extremely low until both of the family-owned stores have to go out of business because they cannot compete. After Major is the only hardware store in town, it raises its prices enough to make up for its former losses and to make some additional profit. Discuss this behavior in relation to antitrust law.