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Question 6 0.5 points Mark is considering purchasing a new pickup truck. The model that he is looking at features an all new diesel engine, state of the art design, and beautiful upholstery. The electronics package and options have all been updated to the point where there are not many more items that Mark could have installed on his new truck. He likes everything about the truck except the price tag. The price could be lowered if Mark would remove some of the options, but he must have them all to maintain his image. The dealership that carries Mark's new truck will not know everything that goes through Mark's mind as he makes his purchasing decision. This is known as customer deception O the internal consumer hidden consumer behavior O the black box Question 6 of 23 Moving to another question will save this response. ave this response. Question 7 of 23 22 Question 7 0.5 points Jim is interested in beginning his own small business dealing with the repair and maintenance of household appliances. He has a talent for fixing these types of appliances and has been doing so as a sideline business for several years. He has acquired some of the needed tools; however, a sizeable investment will need to be made in tools and equipment in order for him to repair the appliances that will be brought to his shop for service. He would like part of his competitive advantage to be the capability to fix all appliances, not just one type, Jim has just one small problem-a lack of funds. The primary disadvantages of using debt financing are all but which of the following? Save anane O leverage can enable returns to be lessened it increases risk due to the possibility of insolvency it allows a voice in management of the business O it has to be repaid Moving to another question will save this response. Question 8 of 2323 Question 8 0.5 points George is the small business owner of George's Gun and Sports Equipment. He has been in business for 23 years providing hunting and sports equipment. His business, initially located in San Francisco, has been expanding rapidly over the last five years. The rapid expansion has been attributed to the fine TQM techniques applied at every outlet. His business can now be found in almost every major city in the nation. George has conducted a marketing research project and has found that a market for his service also exists outside his home country. George would like to apply TOM techniques to his global expansion, providing he decides to expand into other nations. George should have an estimate of how many customers his business will service in the coming year. This would be known as a sales forecast service analysis service estimate O sales analysis Question 9 of 2 Puestion 9 0.5 points Ryan has just graduated from college with a business degree. He has a wonderful idea for a new business called Ryan's Road Machines. He would like to sell a variety of all-terrain vehicles (ATVs) for the personal use of his selected clientele. Outstanding customer service will be his competitive advantage as he provides individual service to each of his customers. He has just one small problem, no capital. He knows that he must meet the five C's of credit when looking at external funding in order to prove his creditworthiness. At the present the economy is growing rapidly. In fact, it is growing so rapidly, there is a continuing discussion that interest rates may need to be raised in order to slow economic growth. These factors refer to which of the five Cs? O Collateral O Capital O Conditions O Capacity SAMSUNG Question 12 of 23 Question 12 0.5 points Dea's Drugstore is currently having cash-flow problems. As the bills come due, Dea is having more difficulty ensuring that there is sufficient cash to pay those bills. It is a relatively new problem for her business, and she is not sure what to do. The only changes that she is aware of are some new requirements in the way insurance companies are reimbursing their customers for prescription drugs. Overall, inventory in the store is moving as usual and expenses have not increased from last year. If Dea does not solve her cash-flow problems shortly. O sales will fall expenses will fall she may become insolvent she will not make a profit Question 13 of 23 Question 13 0.5 points Kelli is starting her new business in the mall in the coming weeks. She has finished her business plan and is now looking at planning her startup. Her business consists of a clothing store for young women who purchase medium-quality fashionable school and work clothes. She sees customer service as her strong point because she is currently in the same age group and is very clothes conscious herself. Her competitors, also located in the mall, are all older women who cater to older women who purchase fashion conscious clothes. Kelli has no business experience, yet is willing to invest her entire inheritance in her new business venture. She is single, 21, and has no current debts. She has an opportunity to rent a space in the local mall if she signs the agreement next week. Kelli is excited about being able to pick the clothes on her racks herself and then sell those clothes to young women who would look fashionable in them. Based on this scenario, Kelli's competitive advantage would be which of the following? O lower prices her location O her customer service the fashionable clothes in her inventory