Explain the importance of having a competitive advantage while capturing a new market
What will be an ideal response?
Companies must check to see if they have the competitive advantages required to maintain leadership in their
newly chosen market segment. Similarly, marketers should ensure that other companies do not possess a
competitive advantage that might jeopardize the business's leadership in the market.
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An agreement by a lender to offer a loan on a real estate if and when the borrower demands it is know as a(n) _________ loan commitment.
a. standby b. interim c. backup d. substitued
Which of the following is an example of a conditional sale?
A) Black's Autos sells a car to Andy Delmore, with a term that ownership doesn't transfer until the last payment. B) Black's Autos sells a car to Andy Delmore and Delmore gives Black's a lien on the car until the last payment is made. C) Black's Auto leases a car to Andy Delmore who has the right to buy the car at the end of the lease. D) Black's Autos sells a car to Andy Delmore with a term that Black's has a floating charge on the car. E) Black's Autos sells a car to Andy Delmore and assigns the debt to a finance company.