Which of the following is not identified by Porter as one of the five forces that explains competition in an industry?
A) threat of new entrants
B) threat of substitute products or services
C) bargaining power of suppliers
D) bargaining power of competitors
E) the competitive rivalry among current members
D
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Suppose increased costs for security raised the costs of production for all firms. Explain how this would affect aggregate supply, output, and the price level in the short run and the long run.
What will be an ideal response?
Your supervisor has suggested that you down-edit your e-mail message when replying to be more efficient. What should you do?
A) Insert your responses to parts of the incoming message, and include only those parts of the incoming message to which you are responding. B) Place your reply at the bottom, after the original message. C) Delete the original message altogether before adding your reply. D) Write your reply using all lowercase letters.
Intensive distribution is selling through only those intermediaries who will give the product special attention.
Answer the following statement true (T) or false (F)
What is a collection of data items that have something in common with the entity?
A) a record B) an attribute C) a data item D) an entity