Name two of the five indicators of market potential and provide an example of each
What will be an ideal response?
Student answers will vary. The five indicators of market potential include demographic characteristics, geographic characteristics, economic factors, sociocultural factors, and political and legal factors.
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Methods for separating semivariable costs into their fixed and variable components include all of the following except the:
a. High-low method. b. Allocation method. c. Regression (scattergraph) method. d. Observation method.
Which of the following statements is true of the salary-only approach?
A. The salary-only approach is useful when an organization emphasizes serving and retaining existing accounts. B. The salary-only approach is useful when an organization emphasizes generating new sales and accounts. C. The salary-only approach is useful only when an organization is compensating experienced sales executives. D. The salary-only approach is not useful in compensating sales representatives who are new to the job.
Which of the following concepts is important to accrual accounting?
A) Time period, because accrual accounting divides earnings into time periods. B) Market basis, because inflation is a big factor in the environment. C) Cash basis, because if cash is not received, revenue is not accrued. D) Entity concept, because personal transactions must be separated from business transactions.
The lower the times-interest-earned ratio, the lower the probability that a firm will default on its debt.?
Answer the following statement true (T) or false (F)