In the ________ stage of the retail life cycle, retail businesses become obsolete as newer ways of doing business emerge
A) decline
B) overexpansion
C) competition
D) maturity
E) growth
A
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Identify the account below that is classified as an asset account:
A. Unearned Revenue B. Supplies C. Service Revenue D. Retained Earnings E. Accounts Payable
A firm classifies liabilities which fall due after the operating cycle, usually greater than one year, as
a. a current liability. b. a long-term asset. c. a noncurrent liability. d. part of shareholders' equity. e. contingent liability.
Identify and explain, give examples when appropriate, of key areas that should be investigated when conducting an environmental analysis.
What will be an ideal response?
Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a:
a. partnership. b. close corporation. c. joint venture. d. business trust.