What should a firm consider if it is in a nonhomogeneous market and a competitor lowers its prices?
What will be an ideal response?
A firm should consider:
• Why did the competitor change the price? To steal the market, to utilize excess capacity, to meet changing cost conditions, or to lead an industry-wide price change?
• Does the competitor plan to make the price change temporary or permanent?
• What will happen to the company's market share and profits if it does not respond? Are other companies going to respond?
• What are the competitors' and other firms' likely responses to each possible reaction?
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Answer the following statements true (T) or false (F)
1. Adolf Hitler is an example of a charismatic leader who inspired devotion in others to carry out his own extreme political agenda. 2. Empowering leadership is the ultimate example of teamwork because rather than one person being solely responsible for decision-making, the leader shares responsibility with the group as members strive to complete common goals. 3. Spiritual leadership motivates through faith, hope, and vision. It is closely connected with religion. 4. Project GLOBE is closely related to implicit leadership theory. 5. In general, the culturally endorsed leadership theory shows that outstanding leadership looks the same across cultures.
State X passes a law restricting the right of citizens to vacation in foreign countries because the state prefers that its citizens spend their vacation dollars in the U.S. A group of state citizens challenge the law. Set forth the standard a court would apply in reviewing the law and the likely outcome of the case
Why did Congress create the Equal Employment Opportunity Commission?
What will be an ideal response?
Property tax rates may be given as each of the following except
A) a value per $100 of assessed value. B) mills per dollar of assessed value. C) cents per dollar of assessed value. D) dollars per cent of assessed value.