In Michael Porter's five competitive forces model, what do the competitive forces determine?
What will be an ideal response?
The five competitive forces determine the level of competition in an industry.
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The value of steel sold to an automobile producer is ________ directly included in the GDP because ________
A) always; it was produced during the current period B) never; to do so is to double count the value of the steel C) sometimes; the automobile may not be sold in the current period D) sometimes; the steel is sometimes not resold in the current period
If a corporation fails, the last recipients of funds that may remain are
A) preferred stockholders. B) common stockholders. C) bond holders. D) government tax collectors.
Specialization and trade benefits a participating country that: a. specializes in those things they have both a comparative and absolute advantage in
b. specializes in those things they have a comparative advantage in, even if they have an absolute disadvantage. c. They specialize in those things they have an absolute advantage in, even if they have a comparative disadvantage. d. Does either a. or b.
Federal Reserve actions that offset unexpected monetary developments and contribute to the smooth everyday functioning of the economy are called
A. defensive actions. B. dynamic actions. C. accommodative actions. D. automatic actions.