How does transportation impact economic growth?
A key element in selling a good is getting that good from the point of production to the point of consumption. A key element in reducing production costs is to mass produce goods in a single plant in order to achieve economies of scale. If transportation is limited or expensive than the cost savings achieved by mass production will be eaten up by the cost of transportation. If transportation is less costly then goods mass produced in one area can be cheaply transported to a greater market area.
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All of the following are characteristics of a closely held corporation EXCEPT:
a. the shares are publicly traded. b. the corporation can typically operate without a board of directors. c. the shareholders usually restrict share transfer. d. minority shareholders are provided more protection than in regular corporations.
Clemmer (1992) described the characteristics of high-performance organizations as ______
a. teamwork, partnering and working across boundaries, shared corporate culture. b. teamwork, partnering and working across boundaries, intense customer and market focus. c. intense market focus, teamwork and shared corporate culture. d. none of these.
A good reason for developing or joining a vertical marketing system is that
A. market competition at each level of the channel eliminates inefficient firms and serves consumers' needs better. B. no member of the channel has to plan for the whole channel, since good decisions at each level run the channel. C. the whole channel focuses on the same target market at the end of the channel and seems to be more effective. D. no member of the channel has to bear the costs of the regrouping activities. E. All of these are good reasons for developing or joining a vertical marketing system.
One example of the hedging principle is to reduce a company's foreign exchange risk by
purchasing futures contracts, which are called hedges. Indicate whether the statement is true or false