One Way to Market a Proposal for a New Business

question 8

Multiple Choice

One way to market a proposal for a new business venture,especially when architectural changes are ruled out and the opposition seems strong is to:

• A)replace the Board of Directors.
• B)emphasize the level of crisis that exists inside the firm.
• C)pretend that architectural changes will be made.
• D)withdraw the proposal.

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Definitions:

Electronic Fund Systems

Systems that enable the electronic transfer of money from one bank account to another without the direct involvement of bank staff.

Automated Teller Machines

Electronic banking outlets that allow customers to complete transactions without the need for a branch representative.

Direct Deposits

Direct Deposits involve the electronic transfer of a payment directly from the account of the payer to the recipient's account, commonly used for payroll or benefit disbursements.

Float Time

The period between when a bank check is written and when it is actually withdrawn from the payer's account, typically used to advantage cash flow.