23 Jun Distinguish among (a) gross profits, (b) operati
Distinguish among (a) gross profits, (b) operating profits, and (c) net profits.
What questions do financial ratios help answer about a firms financial performance?
Discuss how asset and financing requirements might differ among a retail business, a service company, and an information system-based venture.
Describe the process for estimating the amount of assets required for a new venture.
How does the nature of a business affect its sources of financing?
Explain the three trade-offs that guide the choice between debt financing and equity financing.
Why is a small business potentially in a better position to achieve customer satisfaction than a large firm?
Briefly describe the four stages of the consumer decision-making process. Why is the first stage so vital to consumer behavior?
9.How does price relate to value in the eyes of a customer?
If a firm has fixed costs of $100,000 and variable costs per unit of $1, what is the break-even point in units, assuming a selling price of $5 per unit?
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