A New Start-Up Corporation Has Gone to a Bank for a Commercial

question 60

True/False

A new start-up corporation has gone to a bank for a commercial loan.Recognizing the start-up status of the business and the limited assets the corporation currently possesses,the bank may require that either collateral be pledged or a personal guarantee be signed by shareholders to protect its interests,but it may not require both.

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Definitions:

Global Marketing

The process of conceiving and executing marketing activities that recognize the differences and similarities across international boundaries.

GDP

Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.

Protectionism

Economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations designed to allow (according to proponents) fair competition between imports and goods and service produced domestically.

World Trade

The exchange of goods and services across international borders or territories.