Kevin Campbell Is an Incoming Freshman at Your College

question 58

Multiple Choice

Kevin Campbell is an incoming freshman at your college.Kevin is frustrated by the cost of books, tuition, and expenses, and he also needs to purchase a rather expensive laptop.In an effort to save money, Kevin begins a Facebook group finding other college students who need to purchase laptops.Soon, Kevin's Facebook group has close to 100,000 students.Kevin decides to collectively approach different computer companies to see if his group qualifies for a special discount.What business strategy is Kevin using to purchase laptops?

• A)Collecting business intelligence
• B)Decreasing entry barriers
• C)Purchasing a substitute product
• D)Increasing buyer power

Understand the impact of departmentalization on organizational structure.

Acknowledge the importance of adaptability and flexibility for future organizational effectiveness.

Identify the implications of decentralization and centralization on organizational control.

Understand the principles of responsibility and authority in management.

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Definitions:

Ending Inventory

The worth of merchandise available for purchase at the conclusion of a financial period.

Maturing Obligations

Debts or obligations that are due to be paid within the next accounting period.

Liquidity Ratios

Financial metrics used to measure a company's ability to meet its short-term obligations with its current assets.

Solvency Ratios

Measures of the ability of the company to survive over a long period of time.