Due to the intangible nature of services and the need for standardization of image, business format franchising is more appropriate for service sponsor-retailer arrangements than product/trademark franchising

Under which of the following categories would bonds held as an investment for more than a year appear?

A) Current assets B) Long-term liabilities C) Long-term assets D) Current liabilities

Procter & Gamble's introduction of All-Temperature Cheer laundry detergent in Japan was a flop at first

The problem was that Japanese women wash clothes in cold water–either tap water or leftover bath water–so they don't care about all-temperature washing (which is a big selling point in the United States). Also, Cheer was first introduced in Japan at a time when the market for fabric softeners in Japan was rapidly expanding. However, when Japanese housewives added lots of fabric softener to the water, Cheer didn't produce many suds (Americans don't use as much fabric softener). P&G reformulated the product so it wouldn't be affected by fabric softeners, and ads for Cheer in Japan pledged superior cleaning in cold water, not all temperatures. Which of the following might have helped P&G avoid the initial problems with Cheer? A) Maslow's hierarchy B) high vs. low context culture C) diffusion of innovation D) self-reference criterion E) polycentric orientation