A ________ strategy is when an organization expands the number of markets served or the products offered.
A. growth
B. renewal
C. stability
D. retrenchment
Answer: A
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Which of the following is most likely true about business legislation?
A) Business laws are enforced only in international markets and not in local markets. B) Business laws fail to prevent unfair competition among the different companies in a market and tend to encourage monopolies. C) Business laws usually remain constant over time. D) Local, national, and state business laws rarely overlap with one another. E) Business laws that are enforced by government agencies have a major impact on a company's marketing performance.
Consumers in Bayside City form a business organization to provide, without profit, an economic service to its members. This is
A. a business trust. B. a cooperative. C. a corporation. D. a joint stock company.
The absorption cost approach provides for the absorption of all manufacturing costs, fixed and variable, into units of product.
Answer the following statement true (T) or false (F)
Which type of decision most benefits from group decision making?
a. Programmed b. Proactive c. Intuitive d. Non-programmed