What is "recourse" as it relates to selling receivables?
a. The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.
b. The obligation of the purchaser of the receivables to pay the seller in case the debtor fails to pay
c. The obligation of the seller of the receivables to pay the purchaser in case the debtor returns the product related to the sale.
d. The obligation of the purchaser of the receivables to pay the seller if all of the receivables are collected.
Answer: a. The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.
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A broad differentiation strategy works best in which of the following market circumstances?
a. when buyers have a low degree of bargaining power and purchase the product frequently b. when new and improved products are introduced frequently c. when buyers incur low costs in switching to rival brands d. when most competitors are resorting to clever advertising and promotions in an attempt to set their product offerings apart e. when most competitors are resorting to clever advertising and promotions in an attempt to set their product offerings apart
The nature of dependent and independent variables in the binary logit model is similar to that in ________
A) multivariate analysis of variance B) analysis of variance C) regression analysis D) discriminant analysis