Robert Has Established a Start-Up Business Manufacturing a Range of Outdoor

question 7

Multiple Choice

Robert has established a start-up business manufacturing a range of outdoor wear for the leisure market. Which possible scenario would best show that Robert is positioning his business for the global business market?

• A) Robert launched a website for his business and hired two new employees to handle national and international shipping.
• B) Robert launched a website and filmed a commercial for television and recorded a radio version for local stations.
• C) Robert created a page for his business on a networking site and offered store coupons to his first 100 friends.
• D) Robert had his website translated into Korean in order to better serve the local Korean community.
• E) Robert took a full-page ad out in the state's official tourism brochure.

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Definitions:

Division I Proposal

An alternative to bankruptcy, created by the Bankruptcy and Insolvency Act, whereby the debtor secures some time to reorganize his affairs and make a proposal for partial payment that will satisfy his creditors; if the creditors reject the proposal, the insolvent debtor is deemed to have made an assignment in bankruptcy from the day of the meeting of the creditors, and the normal bankruptcy procedures follow.

Consumer Debtors

Individuals or entities that owe money for personal, as opposed to business, expenses.

Chose In Action

The thing or benefit that is transferred in an assignment; intangible personal property, such as a claim or the right to sue.

Personal Property Security Act

Legislation that outlines the rules for creating and enforcing security interests in personal property, offering a way for creditors to secure repayment of debt.