Which of the following statements is true?
A) Consumers will buy a product only if it meets a need not met by competing products.
B) Consumers will buy a product only if its price is below that of its competitors.
C) Sheer chance often plays a significant role in the success or failure of a business.
D) Input prices are one of the success factors that firms can control.
C
You might also like to view...
The firm's short run supply curve is equal to the
A) entire marginal cost curve. B) marginal cost curve above the AVC curve. C) marginal cost curve above the ATC curve. D) marginal cost curve above the AFC curve.
An increase in the value of the U.S. dollar will tend to cause, other things the same ________
A) an increase in the volume of U.S. imports B) an increase in the volume of U.S. exports C) an increase in the volume of U.S exports and imports D) a decrease in the volume o U.S. exports and imports
What is an ascending-value auction?
Differentiate between norms and focal points