Examlex
Which two of the following characteristics are key to making SPX options an easy choice as a hedge against an equity portfolio?
I. European style
II. American style
III. trade in whole or partial contracts
IV. cash settlement
Managerial Controls
Mechanisms or techniques used by management to direct, monitor, and measure the performance of resources and processes towards achieving organizational goals.
Competitive Advantage
Circumstances or factors that place an enterprise at a beneficial or higher standing against its competition.
Focus Strategy
A competitive approach where a firm concentrates its resources on entering or expanding in a narrow market segment to achieve a competitive advantage.
Market Segment
A sub-group of a larger market made up of consumers or organizations with similar characteristics that lead them to have similar product and service needs.
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