Firms are finding it hard to maintain their profits and market share because of lack of resources
Indicate whether the statement is true or false
a. True
b. False
ANSWER: True
As U.S. population growth slows, global competition increases, costs rise, and available resources tighten, firms find that they must work harder to maintain their profits and market share.
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According to the international product life cycle
A. exporting begins in the second stage. B. exporting replaces direct investment in the second stage. C. innovation occurs in the U.S. and then goes to other nations. D. foreign-produced products compete in export markets in the third stage. E. foreign producers eliminate U.S. producers through continued product innovation.
Similar to courtroom practices in the U.S., the legal proceedings in the European Court of Justice allow for the calling of witnesses, the production of documents, the hiring of experts, cross-examination, and open to the broadcasting media for transmission to the public
Indicate whether the statement is true or false
A consumer who consistently and repeatedly purchases the same brand is said to have:
A. brand loyalty B. product equity C. product loyalty D. product repetition E. store loyalty
An example of a horizontal restraint of trade is a cartel, such as OPEC
a. True b. False Indicate whether the statement is true or false