Unfair business practices such as predatory pricing hinder capitalism from achieving its potential.
Answer the following statement true (T) or false (F)
True
Capitalism can't achieve its potential if unfair practices—such as deceptive advertising, predatory pricing, and broken contracts—mar the free competitive environment. See 2-3: Capitalism: The Free Market System
You might also like to view...
Which of the following is not part of the systematic process called auditing?
a. Communicating results of the audit to users. b. Procuring and evaluating evidence. c. Providing important managerial decisions for a client. d. Comparing evidence regarding assertions to certain established criteria.
Marco is working on promoting his company's Glazer brand of electronic razors. The company estimates 50 million potential users and sets a target of attracting 8 percent of the market
He hopes to reach 80 percent of the potential customers with an advertising message. He would be pleased if 25 percent of the prospects that were aware, tried the Glazer. According to further estimates, 40 percent of all triers will become loyal users. If the cost of exposing 1 percent of the target population to one impression is $4500 on an average, determine the necessary advertising budget, according to the objective-and-task method.
What is the most dominant of the strategies for idea generation within group scenarios?
a. development strategies b. interpersonal strategies c. relationship-seeking strategies d. habit-breaking strategies
SRM (in the context of software) refers to?
a. Supplier returns management b. Supplier retention management c. Supplier requirements management d. Supplier relationship management