Entrepreneurs that face rapidly rising costs in their business should consider strategies that facilitate better customer communication, efficiencies, passing along cost increases, emphasizing value, and anticipating rising costs to lock in prices

Buying and selling to each other at prices equal to those that can be obtained by outsourcing partners is called _____.

A. value-addition B. in-house trading C. collaboration D. in-sourcing

The sale of receivables by a business

A. indicates that the business is in financial difficulty B. is generally the major revenue item on its income statement C. is an indication that the business is owned by a factor D. can be a quick way to generate cash for operating needs