What is the current value of a share of MoreGro common stock that does not pay a current dividend? Earnings are growing at a 20 percent per year rate for the next 10 years. Assume the investor has a required rate of return of 15 percent and expects to sell the security in 5 years. Current earnings are $1.50 per share

________ are people within a reference group who, because of special skills, knowledge, personality, or other characteristics, exert influence on others

A) Opinion leaders B) Innovators C) Surrogate consumers D) Stealth marketers E) Lagging adopters

Which of the following is a disadvantage of strategic alliances?

A) They are the most expensive among the investment entry modes. B) They increase the likelihood that one partner will try to take advantage of the other. C) They create future competitors. D) They fail to tap into their competitors' specific strengths.