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A lease is simply a rental agreement that specifies a minimum period of time for which one must make rental payments.

The primary areas for conflict resolution in exporting include nonpayment and contract default issues.

Assigning a high value to inventory results in increased sales margin and reported profit, but at the price of paying increased income taxes.

A start-up usually can easily gain revolving credit from suppliers and financial institutions.

The concept of total product includes how customers think about your product.

Factoring receivables to a commercial lender is usually less expensive than pledging receivables.

Personal selling decreases business owners’ flexibility in their presentation.

One of the three major elements in customer retention is customer relationship management that focuses on the longer-term monitoring and promotion of customer interest and loyalty.

When pricing your product, the optimum price is the highest price that will produce your desired level of sales in your intended market.

One way to go about obtaining committed customers prior to start-up is to start your new business as a spin-off from your current employer’s business.