Which of the following does not represent a market failure ?
a. spillovers
b. market power
c. the need for public goods and services
d. technology change
Ans: d. technology change
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A) shipping and insurance charges B) value added taxes (VAT) C) different Incoterms as incentives D) duties and tariffs E) fluctuating exchange rates
What are the two factors called in Herzberg’s two-factor theory?
A. influence factors and motivators B. dissatisfaction and influence factors C. hygiene factors and motivators D. hygiene factors and influence factors
Discuss the concept of total quality management
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Answer the following statement true (T) or false (F)