What are the characteristics of large, growing markets which make them desirable?
What will be an ideal response?
• Consumer Demand Validation - stagnant or declining markets (like printed newspapers, thanks to declining
readership) are not seen as a good place to invest scarce company resources.
• Larger Upside Potential - capturing 50 percent of a $1 billion market produces more revenue than 50 percent of a
$1 million market.
• More Available Segments - markets with more segments often generate more revenue, because each segment can
be targeted with different types of products and services. For example, the multibillion dollar video game market
boasts six major segments, from heavy gamers to portable gamers.
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In the context of the four major income-maintenance laws, ________ covers all employees except some state and local government workers, domestic and farm workers, railroad workers, and some nonprofit employees.
A. the Employee Retirement Income Security Act B. the Social Security Act C. workers' compensation D. the Federal Unemployment Tax Act
The employees of the U.S. _____ are not subject to the Federal Service Labor-Management Relations Act (FSLMRA).?
A) ?Transport Services B) Judicial Service? C) Military Service? D) Postal Service
Consider the following production and cost data for two products, L and C: Product LProduct CContribution margin per unit$120 $112 Machine minutes needed per unit 10minutes 8minutesA total of 60,000 machine minutes are available each period and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period?
A. $720,000 B. $1,560,000 C. $780,000 D. $840,000
Minerals, water, and wind are examples of which factor of production?
A) intangible resources B) natural resources C) human resources D) capital resources E) technological resources