Last fall Gretchen traveled out of state to attend college. While registering for her classes she signed up to receive several credit cards. After she received them, she immediately began using them to purchase books, clothes, jewelry, a sound system, VCR, and a television set. After four months of extensive use, Gretchen found herself hopelessly in debt. She had no visible means of paying off her debt. She pursued the legal process in which she surrendered the property to the court; the court then sold the property to help pay her debts. This process is known as .

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?