Savvy Styles, your salon business, is starting to turn a solid profit. Since you have been operating out of a shared space, you decide it is time to move to a larger salon space of your own and purchase some new chairs and equipment. You get a small business loan from your local bank. Now you should plan to:
A. Write the bank a thank you note and put a positive review on Yelp
B. Pay the minimum payment on the loan to the bank each month
C. Repay the loan, including interest, over a predetermined amount of time
Ans: C. Repay the loan, including interest, over a predetermined amount of time
Business
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Indicate whether the statement is true or false.
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What corrective actions might a firm take during strategy evaluation?
A) Revise the business mission B) Issue stock C) Revise objectives D) Sell a division E) All of the above
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