A merchant is a person who:
A) By his or her skill or occupation, holds himself or herself out as having special skill or
knowledge regarding the goods in the transaction.
B) Deals in goods of the kind involved in the transaction.
C) None of the above would qualify a person as a merchant.
D) A or B would qualify a person as a merchant.
D
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Which of the following companies is using a divesting strategy?
A) Juggernaut Bikes acquires new businesses in order to increase its market share. B) To achieve a higher market share, LBD Inc. increases investments in advertising and promotion. C) When sales of its clothing division decline, Blackstone sells the division to a competitor. D) Getix Computers increases the price of its products in order to maximize short-term profits. E) Harlow's market share remains steady over two years, and the firm decides to maintain its share at the current level.
Which of the following is a characteristic of an organization with a strong culture?
A) Management strives to delink shared values from behaviors as much as possible. B) Culture conveys consistent messages about what is important to the organization. C) The core set of organizational values is zealously guarded by the management. D) Emphasis is laid on the future of the organization, rather than acquainting employees with company history or past heroes.