A market segment is a subgroup of people or organizations having different characteristics that cause them to have distinct product needs
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
A market segment is a subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs. All people have similar characteristics and needs, as do all organizations.
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A subsidiary of Porter Inc., a U.S. company, was located in a foreign country. The functional currency of this subsidiary was the Stickle (§) which is the local currency where the subsidiary is located. The subsidiary acquired inventory on credit on November 1, 2017, for §120,000 that was sold on January 17, 2018 for §156,000. The subsidiary paid for the inventory on January 31, 2018. Currency exchange rates between the dollar and the Stickle were as follows: November 1, 2017$0.19=§1December 31, 2017$0.20=§1January 1, 2018$0.22=§1January 31, 2018$0.23=§1Average for 2018$0.24=§1?What amount would have been reported for cost of goods sold on Porter's consolidated income statement at December 31, 2018?
A. $24,000. B. $26,400. C. $28,800 D. $27,600. E. $22,800.
An executive officer of a corporation normally can conduct ordinary business transactions without obtaining written authority from the corporation
Indicate whether the statement is true or false
Once a company has decided to enter the global marketplace, it must select a means of market entry. Four general options exist: (1) ________; (2) licensing; (3) joint venture; and (4) direct investment.
A. franchising B. countertrading C. accreditation D. exporting E. cooperative
What average annual proportion of the total number of public U.S. nonfinancial firms at year-end 1980 exited over the years 1981-2000 (i.e., the average attrition rate)?
a. 5.9% b. 15.9% c. 25.9% d. 35.9%