Organizations cannot gain a competitive advantage by enhancing existing products or services
Indicate whether the statement is true or false
FALSE
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Existence of gray markets leads to which of the following outcomes?
A) They make the distribution channel stronger. B) They create a free-rider problem making legitimate distributors' investments in supporting a manufacturer's product less productive. C) Goods sold in grey markets are always counterfeit. D) Goods sold in grey markets come with standard product warranties. E) Taxes imposed on grey market products are very high.
What is threat of substitute products or services?
A. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. B. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). C. High when there are many alternatives to a product or service and low when there are few alternatives from which to choose. D. The ability of buyers to affect the price they must pay for an item.
The principal of a non-interest-bearing note includes an implied interest cost
Indicate whether the statement is true or false
It is perfectly ethical to bribe journalists into covering a story
Indicate whether the statement is true or false