The high ease of entry into retailing _____
a. generates a great deal of competition for new and existing retailers
b. means that investment per worker in retailing is generally higher than for most manufacturers
c. contributes to low new-retailer failure rates
d. is due to complex licensing provisions for many retailers
a
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Which of the following is an example of a consumer product-oriented promotion?
A) couponing B) off-invoice allowance C) rebates D) premiums
Kelly runs a growing business in Birmingham and wants to do more than lead a successful and law-abiding company. She intends to make a difference in her community by helping with issues like poverty and high unemployment. Kelly believes in
a. corporate paternal accountability. b. the fair skies concept. c. corporate social responsibility. d. the corporate protection concept. e. corporate welfare.
Which of the following statements is true of liability to third persons?
A. Contract law has been widely used by third persons suffering damages as a result of an accountant's breach in the absence of special circumstances. B. At common law, recovery by a creditor was not permitted on the theory that the creditor was a third-party beneficiary of the contract employing the accountant. C. Historically, third-party suits against accountants were generally permitted by the privity doctrine. D. Common law required showing that the accountant was aware that the audit was ordered to satisfy the demand of a creditor or prospective creditor.
A franchisee is generally economically independent of the franchisor's integrated business system
Indicate whether the statement is true or false