John Cleaver Is the CEO of Tech World,which Is a Retail

question 134

Multiple Choice

John Cleaver is the CEO of Tech World,which is a retail store that sells computers,monitors,cameras,televisions and many other electronic products.John and his executive team are meeting to brainstorm new ideas on how to grow the business.One idea is to mimic a competitor's product that is attempting to sell a new product in a different industry.After performing a Porter's Five Forces analysis John determines that all of the forces are high in this new industry.What should John do?

• A) Explode into the market with an overflow of the product.
• B) Contemplate other products to introduce at the same time in this new market.
• C) Compare the competitor's prices and offer his product lower in this new market.
• D) Not introduce the product because all Five Forces are strong and this would be a highly risky business strategy.

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The length of time until a note payable or receivable is due, which determines its repayment schedule.

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The nominal or original value of a financial instrument as stated by the issuer, such as the amount paid at maturity for bonds.

Allowance for Doubtful Accounts

An accounting technique used to estimate the amount of receivables that may not be collectible, offering a more accurate reflection of the expected revenue.

Reinstating

The act of restoring someone or something to their former position or condition.