The Internet supports more companies' efforts to launch a direct exporting strategy by ________
A) providing information quickly and inexpensively
B) eliminating the need for highly detailed export plans
C) letting software take over customer service responsibilities
D) countering the power of electronic data interchange systems
A
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In a debit card system, the _____
a. customer can either pay the full amount due immediately or defer payment b. customer is not billed until his or her billing cycle date c. retailer still has the risk of customer nonpayment d. purchase price is automatically deducted from a consumer's bank account and then entered into the retailer's account through a computer terminal
Jensen's Travel Agency has a 7 percent preferred stock outstanding that is currently selling for $48 a share. The preferred stock has a $100 par value. The market rate of return is 10 percent and the firm's tax rate is 34 percent
What is the Jensen's cost of preferred stock? A) 8.75 percent B) 9.62 percent C) 11.98 percent D) 13.25 percent E) 14.58 percent