The product concept is based on the development, design, and implementation of marketing programs, processes, and activities that recognize their breadth and interdependence

A firm has after-tax cash flow from operations equal to $100,000. Operating working capital

increased by $20,000, and the firm purchased $30,000 of fixed assets. The firm's free cash flow was A) $90,000. B) $110,000. C) $50,000. D) $150,000.

Joe is deciding whether or not to invest $10,000 in a business that has pending lawsuits against it. If Joe invests and the business loses the lawsuits, the most Joe can lose is:

A) $10,000 if Joe is a general partner. B) $10,000 if Joe is a sole proprietor. C) $10,000 if Joe is a limited partner. D) $10,000 plus his share of the lawsuits if Joe is a limited partner.