Which of the following is a characteristic feature of venture capital firms?
A) Developing a portfolio of companies
B) Holding debt in the firms that are funded
C) Allowing firms to use the funds as they see fit
D) Having a short-term investment horizon
A
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The seller told the buyer that the property had no roof leaks. But when the buyer had the property inspected, a roofing contractor found leaks and said they had been leaking for months. The contract between the seller and the buyer is probably
A) void B) voidable C) valid D) implied
Which of the following should be true for a skimming price to be successful?
A) Target consumers should be price sensitive. B) Supply should exceed demand. C) Demand must be stabilizing. D) The producer should use intensive distribution. E) There should be little chance that competitors can quickly enter the market.