FencePro, a local company, has developed an entirely new mounting system for chain link fences. After acquiring a distributor, FencePro now has the ability to market its products nationwide. FencePro is most likely following a ________ strategy
A) market penetration
B) market development
C) downsizing
D) product adaptation
E) product development
B
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In which of the following cases will the agency problem between shareholders and managers be the
greatest? A) The Johnson family owns 50% of the common stock of the company. The other 50% is owned by 5 mutual funds. B) 100% of the common stock is owned by the founder of the company who decided to retire and hired a manager to run his business for him. C) The common stock of the company is owned by many diverse shareholders, with no shareholder owning more than 1% of the outstanding stock. D) All top managers in the company own significant amounts of stock and stock options.
The final legal paper filed in an adoption proceeding is called the __ __________
Fill in the blank(s) with the appropriate word(s).