Explain how Whole Foods is able to compete against Walmart
What will be an ideal response?
Walmart owns the low-price position, so other grocery chains such as Whole Foods must position themselves differently. Rather than try to compete directly with Walmart, Whole Foods is positioned away from Walmart. It targets a smaller group of upscale customers and offers them organic, gourmet foods in a cheerful, aesthetically pleasing environment.
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The income statement is sometimes called the statement of financial position
a. True b. False Indicate whether the statement is true or false
The entry to record the issuance of bonds at a discount on an interest payment date should include a
A) debit to Cash for the face amount of the bonds. B) debit to Cash for the face amount of the bonds plus the amount of discount. C) debit to Cash for the face amount of the bonds minus the amount of discount. D) credit to Cash for the face amount of the bonds.
Which of the following is not true?
a. Owners of preferred stock have a claim on the assets of a firm that is senior to the claim of common shareholders. b. Preferred shares carry special rights. c. The senior status and special rights may induce certain investors to purchase preferred shares of a firm, even though they would be unwilling to purchase common shares of the same firm. d. The senior status and special rights increase the risks of preferred shareholders relative to common shareholders. e. Preferred shares vary with respect to the rights and obligations of the issuing firm and of the investor in the preferred shares.
The arrangements between buyer and seller as to when payments for merchandise are to be made are called
A) credit terms B) net cash C) cash on demand D) gross cash