Lev Knossos Sells High Tech Equipment and Software to Companies

question 9

Multiple Choice

Lev Knossos sells high tech equipment and software to companies in Greece.When he first started selling to Greek businesses,he was told that the Greek market lagged behind others in the use of technology.After conducting research,Knossos visited the Commercial Bank of Greece and explained how his products could create Web pages for the bank and facilitate banking transactions.By applying his product knowledge to solve a technology issue that he identified,Knossos took the role of:

• A) tactical partner.
• B) creative problem solver.
• C) low-involvement decision maker.
• D) transactional partner.
• E) exchange creator.

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Definitions:

Proprietorship

A business entity owned and run by one individual where there is no legal distinction between the owner and the business.

Taxed

Subjected to a financial charge or levy by a governmental authority on income, property, or sales.

Liabilities

Obligations that a company owes to outside parties, typically consisting of loans and accounts payable.

Transfer Of Ownership

Transfer Of Ownership involves the legal process by which the rights of owning an asset or property are moved from one party to another.