Purchasing power is a measure of the goods and services that one's income will buy
a. True
b. False
a
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The primary means by which a firm can diversify are ________, ________, and ________.
A. mergers and acquisitions; joint ventures and strategic alliances; internal development B. mergers and acquisitions; internal development; differentiation C. mergers and acquisitions; differentiation; overall cost leadership D. joint ventures and strategic alliances; integration of value chain activities; acquiring human capital
Wal-Mart makes bulk purchases from its vendors and hence it is able to get better deals than its competitors. This allows Wal-Mart to offer greater discounts to its customers. In this case, Wal-Mart benefits from _____.
A. first mover advantage B. constant marginal returns C. economies of scale D. absolute advantage of production
As discussed in the text, Crowdfunder and Circle Up are examples of sites that _______________.
a. allow funding requests over $5 million b. give backers the opportunity to invest in exchange for ownership or future returns c. allow funding requests under $1,000 d. do not allow companies to offer equity as a reward
Mr. Slabaugh wants to formulate a plan that lays out general guidelines for his employees and leaves room for interpretation. Which of the following types of plans would best suit his requirement?
A) informal B) specific C) directional D) standing