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Understanding Trade-Off Theory and the Pecking Order Theory
Need help with understanding the trade-off theory and the pecking order theory.
Question:
Explain how do these differ from each other, and why is this important for leaders to optimize their capital structure?
In the 1970s, Sears was the country's biggest retailer. Positioned as a middle-line retailer, in low priced, discount houses and higher end department stores, Sears was indeed where America shopped-especially for hardware and appliances.
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