Competitive markets are economic battlefields. True or false? Explain.
What will be an ideal response?
When rivalry is strong, the battle for market share is generally so vigorous that the profit margins of most industry members are squeezed to bare-bones levels. When rivalry is moderate, a more normal state, the maneuvering among industry members, while lively and healthy, still allows most industry members to earn acceptable profits. When rivalry is weak, most companies in the industry are relatively well satisfied with their sales growth and market shares and rarely undertake offensives to steal customers away from one another. Weak rivalry means that there is no downward pressure on industry profitability due to this particular competitive force.
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You commute a long distance to get to work every day, and the cost of gasoline is putting a strain on your personal finances. You realize that you need to look at buying a new car that gets better gas mileage, or that doesn't run on gasoline at all. In terms of the traditional consumer buying decision process, you are currently in the ___________ stage, and you are about to enter the ___________ stage.
A. problem recognition; purchase B. evaluation of alternatives; information search C. evaluation of alternatives; purchase D. problem recognition; information search E. information search; purchase
A general journal gives a complete record of each transaction in one place, and shows the debits and credits for each transaction.
Answer the following statement true (T) or false (F)
Which of the following statements about premature death is (are) true?
I. From an economic standpoint, premature means death before a specified age, such as 65. II. The economic problem of problem of premature death in the U.S. has declined substantially over time. A) I only B) II only C) both I and II D) neither I nor II
Web personalization is used primarily as a marketing tool
Indicate whether the statement is true or false