Which of the following will improve your bargaining position with customers
a. The product your team produces has become more costly to produce
b. New firms have entered the market with competing products for the ones your team produces
c. Your competitors have developed new products that contain more of the features that your team produces
d. There are fewer close substitutes for the product your team supports
d
You might also like to view...
Use the following graph, which shows the supply and demand curves for dollars in the pound/dollar market, to answer the next question,
Assume that D1 and S1 are the initial demand for and supply of dollars. Suppose that Britain's demand for dollars increases from D1 to D2. If the British government wishes to fix the exchange rate at the initial level, it should ________.
A. buy and add more to its dollar reserves B. encourage the British to import more U.S. products C. sell pounds in exchange for U.S. dollars D. sell some of its dollar reserves
Which of the following is not one of the four main categories of spending identified by John Maynard Keynes?
A) government purchases B) transfer payments C) planned investment D) consumption
Compared with a perfectly competitive firm facing the same costs, long-run equilibrium for a monopolistically competitive firm will result in
A) a higher price and greater output. B) a lower price and less output. C) a higher price and less output. D) a lower price and greater output.
The National Labor Relations Board
a. enforces antitrust laws against unions. b. enforces workers' rights to unionize. c. acts as a union's representative in collective bargaining. d. is required to approve all collective bargaining agreements before they can be enforced.