Discuss the different ways that can be adopted by small manufacturing firms to conduct market research
What will be an ideal response?
The small firms can adopt the following ways to conduct market research:
• They can engage students or professors to design and carry out projects
• They can collect considerable information at very little cost by examining competitors' Web sites, monitoring chat rooms, and accessing published data
• The owners of small business firms can routinely visit competitors to learn about changes they have made
• By tapping into marketing partner expertise
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What is achieved by integration of innovation activities into business strategies?
What will be an ideal response?
Which of the following statements concerning an unpaid supplier of goods to a bankruptcy business is correct?
A) An unpaid supplier has a right to take back all goods that have not been paid for. B) An unpaid supplier of goods is a secured creditor to the extent of the value of the goods not paid for. C) An unpaid supplier of goods is an unsecured creditor. D) A supplier can repossess all goods supplied but not paid for under a purchase money security interest registered under a Personal Property Security Act. E) Both C and D