Biotex Is an Enterprise That Is Composed of Three Parts

question 29

Multiple Choice

 Biotex is an enterprise that is composed of three parts.Its biotech section,which is working to develop crops that are pest and disease-resistant,provides about half of its sales.Pharmaceuticals from its G.D.Searle subsidiary contribute a third of its revenues; and food products,dominated by the artificial sweetener NutraSweet,make up less than 20 per cent of its total revenue.These three divisions are Biotex's _____.

• A) strategic business units
• B) buying centers
• C) venture teams
• D) cross-functional units

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Definitions:

Credit Terms

The conditions under which credit is extended by a seller to a buyer, including repayment schedule, interest rates, and due dates.

Discount Period

A set time frame during which a buyer can pay less than the full amount due, usually as incentive for early payment to the seller.

Cash Discount

is a reduction in the invoice price offered by sellers to buyers as an incentive to encourage prompt payment of their accounts payable.

Customer Refunds Payable

Liabilities owed to customers for products returned or services not satisfactorily rendered.