Compare and contrast pure competition and oligopolistic competition
What will be an ideal response?
Under pure competition, the market consists of many buyers and sellers trading in a uniform commodity, such as wheat, copper, or financial securities. No single buyer or seller has much effect on the going market price. In a purely competitive market, marketing research, product development, pricing, advertising, and sales promotion play little or no role. Thus, sellers in these markets do not spend much time on marketing strategy.
On the other hand, under oligopolistic competition, the market consists of only a few large sellers. Because there are few sellers, each seller is alert and responsive to competitors' pricing strategies and marketing moves.
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a. deducted from net income in converting the net income reported on the income statement to cash flows fromoperating activities b. added to net income in converting the net income reported on the income statement to cash flows fromoperating activities c. added to dividends declared in converting the dividends declared to the cash flows from financing activitiesrelated to dividends d. deducted from dividends declared in converting the dividends declared to the cash flows from financingactivities related to dividends
Click-throughs remain the primary method used to measure the impact of online advertising
Indicate whether the statement is true or false
Writing about and researching leadership is ______.
A. declining in popularity B. a universally appealing topic C. simplistic rather than complex D. less popular in the business area than in social sciences
After losing her watch, Jennifer had put up a reward offer in the local newspaper for anyone who could find and return her watch. However, after two weeks she decides to buy a new watch and not pay the reward anymore
Betty, who found the watch and saw the reward offer, returns the watch to Jennifer after 20 days. Which of the following would be true about Betty receiving or not receiving the reward? A) Betty will not receive the reward as Jennifer had already revoked it. B) Betty will not receive the reward as Jennifer had stopped publishing the reward offer. C) Betty cannot claim the reward because she had not performed all the requested acts. D) Betty can claim the reward because Jennifer had not published a notice of revocation.