Cost leadership is a sustainable source of competitive advantage only if barriers exist that prevents competitors from achieving the same low costs
Indicate whether the statement is true or false
Answer: True.
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"Cutting through the clutter" to get the audience's attention is one of the biggest challenges with marketing and sales messages
Indicate whether the statement is true or false.
Barbara Brown has hired Gerry Grey as her agent to purchase used machines for a manufacturing plant with instructions not to pay over $10,000 per machine
Gerry makes it clear that he is acting as agent for Barbara and makes a contract to purchase a machine for $15,000 from Rick Redd. When Barbara learns of it, she wants to cancel the contract. Which of the following statements is TRUE? A) The contract with Rick is binding on Barbara because any limitations on an agent's authority not told to third parties are not effective. B) The contract with Rick is not binding on Barbara because she did not sign it personally. C) The contract with Rick is not binding on Barbara but it is binding on Gerry because he went beyond his authority. D) The contract with Rick is not binding on Barbara because she did not ratify it. E) The contract with Rick is binding on Barbara but she only has to pay $10,000 for the machine
________ is a group of people working together, all doing essentially the same work to accomplish a job.
A. Working together B. Strategists C. Collaboration D. Cooperation E. Team work
Bankston Corporation forecasts that if all of its existing financial policies are followed, its proposed capital budget would be so large that it would have to issue new common stock. Since new stock has a higher cost than retained earnings, Bankston would like to avoid issuing new stock. Which of the following actions would REDUCE its need to issue new common stock?
A. Increase the dividend payout ratio for the upcoming year. B. Increase the percentage of debt in the target capital structure. C. Increase the proposed capital budget. D. Reduce the amount of short-term bank debt in order to increase the current ratio. E. Reduce the percentage of debt in the target capital structure.