Private placements are used to sell stock to individual investors.
Indicate whether the statement is true or false
Question 2 - Home Inspirations
Hailey works for her father in a family-owned business called Home Inspirations, a bedding company that has been in operation since the 1800s. When her father retires, Hailey plans on taking over the business. Hailey is aware of many things about the company that she likes, and a few things that she does not. She has particularly noted that when the economy has low unemployment and high total income, sales are great. However, any other time, sales are not so good.
Currently, all of the bedding items are created in one place and everyone works on various tasks every day. Hailey is thinking about streamlining the production process so that individuals would be responsible for only one task. She believes that if production would increase, she could sell her products at a lower price and increase revenue. She knows that most bedding products available in the market are very similar in nature and satisfy the same need. However, if she were able to lower prices, this might give her company the competitive advantage that it needs. She would then be able to invest money in differentiating her products by providing unique features, building the brand name, and offering services such as free delivery. She is also considering selling her products on the Internet. Hailey knows that her father does not like change very much, but she feels these changes are important for the future of the company.
Refer to Home Inspirations. Hailey's goal of offering products with unique features and special services is called
A) specialization.
B) product differentiation.
C) barter.
D) a factory system.
E) a natural monopoly.
Question 3 - The Whirlybird Vacuum Cleaner Company has a field sales team of 1,000 that goes door-to-door giving in-home demonstrations of the company's products. The product demonstrations often come with some high-pressure sales pitches. Whirlybird uses a strong sales orientation in moving its products.
Indicate whether the statement is true or false
Question 4 - A manager who has the ability to see the big picture of an organization and to understand how the various parts of the organization can fit together has ____ skills.
A) leadership
B) technical
C) interpersonal
D) conceptual
E) decisional
Question 5 - Most small businesses can expect to obtain venture capital financing if they have a good credit history of paying their bills on time.
Indicate whether the statement is true or false
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