Chandler (1994) credits IBM's dominance in the world computer market to
(a) advancements in technology.
(b) investments in research and development.
(c) solid management and sophisticated marketing.
(d) all of the above.
(d)
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Scholarly estimates of the impact of immigration on the average American wage rate are in the range of:
A. -3% to +2% B. -3% to -2% C. -1% to +3% D. -5% to +1%
Higher price elasticity of demand means that a consumer's demand is:
A) more responsive to price changes. B) less responsive to price changes. C) less responsive to income changes. D) more responsive to income changes.
What is the largest market share held by an individual firm in the Sanitary Paper Product Manufacturing industry?
a. 25 percent
b. 27.2 percent
c. 35.5 percent
d. 92.7 percent
Which of the following is not an example of bartering?
A. Mary paying for her new shoes with her credit card. B. Mrs. Smith treating the neighbor children to pizza after they helped clean up her yard. C. John cutting his neighbor's grass in return for his neighbor washing John's car. D. Sue trading candles with Tom for his bread.