Which of the following markets is most likely to be characterized by oligopolistic competition in the United States?
A. soybeans
B. men's clothing
C. pens and pencils
D. electrical service to the home
E. smartphone service providers
Answer: E
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In general, the sources of power that get the most positive responses from people in organizations and can be used effectively are ______.
A. personal B. coercive C. legitimate D. hierarchical
Which of the following products would be most suitable for intensive distribution?
A) Heinz Ketchup B) Volkswagen Polo C) Apple iPhone D) Adidas Predator
JK Company can sell all of the plush and supreme products it can produce, but it has limited production capacity. It can produce 4 plush units per hour or 2 supreme units per hour, and it has 2,000 production hours available. Contribution margin per unit is $214 for the plush product and $300 for the supreme product. What is the most profitable sales mix for JK Company?
A. 4,000 plush units and 2,000 supreme units. B. 8,000 plush units and 0 supreme units. C. 0 plush units and 4,000 supreme units. D. 4,000 plush units and 4,000 supreme units. E. 8,000 plush units and 4,000 supreme units.
Two important characteristics of any financial market are flexibility and
A) risk. B) innovation. C) tolerance. D) capital.