Which statement about economies of scope is NOT true?
A) Economies of scope are often attained through programmable automation.
B) Economies of scope bring together two competitive priorities–customization and low price.
C) Economies of scope reflect the ability to produce multiple products more cheaply in combination than separately.
D) Economies of scope reflect low capital intensity and high resource flexibility.
D
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One of the first-mover disadvantages is that a late-mover competitor may reap benefit from the investments made in marketing and establishing in a particular country
Indicate whether the statement is true or false
When a company using LIFO experiences a partial or complete liquidation of its older, lower-priced inventory, its gross margin will be ____________________ (higher, lower, or unchanged) for the period
Fill in the blank(s) with correct word
Flighting as an advertising timing pattern is most useful when ________
A) purchase cycle is rather frequent B) substantial advertising budget is available C) items are seasonal D) tightly defined buyer categories exist E) there are expanding market situations
Jin moves into a neighborhood in Philadelphia and opens a repair shop. He is harassed by the local gang leader who wants to extort money from him. He promises to pay Sheng, a police officer whose patrol includes Jin's store, $50 a week to "keep an eye on the store" while walking his patrol. Which of the following statements is true of this situation?
A. Sheng's promises toward Jin are not consideration. B. The cop can sue Jin for not keeping his promise of paying $50 per week. C. Jin's promise is enforceable. D. Jin is the promisee and Sheng is the promisor.