Shifts in consumer tastes and attitudes are an example of
a. an infeasible opportunity.
b. industry and market changes.
c. the fickle consumer.
d. problems for the entrepreneur.
ANSWER: b
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The theory of reciprocal demand does NOT well apply when one country
a. produces under constant-cost conditions. b. produces along its production possibilities frontier. c. is of minor economic importance in the world marketplace. d. partially specializes the production of its export good.
________ skills refer to the seller's understanding and proficiency in the performance of specific tasks.
A. Technical B. Automated C. E-selling D. Nonhuman E. Conceptual
A significant advantage to a consumer of a credit card system in comparison to a debit card system is _____
a. the delayed payment benefit b. higher security c. tightened privacy d. lower cost
The tactic of overbooking or overselling the available asset is suitable in any situation where customers are able to cancel orders and the value of the asset drops significantly after a deadline
Indicate whether the statement is true or false.