Please Help due at 11:59 p. m. Tonight 1. What is the
difference between marketing and merchandising? How
does each of these concepts fulfill a different function in the business
world? Explain and provide a real-world example of each.

2. Identify and briefly describe each of the major fields of business
activity (extractive, subcontracting, manufacturing, wholesaling,
retailing, services, cottage industries, and urban street sales) and
offer an example of a business that would fall into each field.

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%