The market follower has the second-largest market share in a particular market, following the

market leader.

Indicate whether the statement is true or false


FALSE

Business

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External economies of scale exist when an industry's outputs increase and

a. a firm's long run average cost curve shifts downward. b. a firm's long run average cost curve shifts upward. c. a firm's long run average cost curve stays the same. d. a firm's long run average cost curve hits zero.

Business

A customer name and an unpaid balance is an example of a one-to-many relationship

Indicate whether the statement is true or false

Business

The numerator in the markup percentage for the gross margin-based pricing method comprises selling expenses, general and administrative expenses, and a desired profit

Indicate whether the statement is true or false

Business

How do the advertising objective categories, to inform, to persuade and to remind, relate to the Stages of Change?

What will be an ideal response?

Business