Which of the following provides the strongest evidence that a firm operating in the highly competitive retail sector is failing to provide goods and services that consumers value highly relative to their cost?
a. The firm is making losses, and its sales are declining.
b. The top-level managers of the firm are paid high salaries.
c. The wages earned by the employees of the firm are low.
d. The firm is a large corporation.
e. The firm is highly profitable, and its sales have grown rapidly.
A
You might also like to view...
Fred and Ann are both given free tickets to see a movie. Both decide to see the same movie. We know that
A) both bear an opportunity cost of seeing the movie because they could have done other things instead of seeing the movie. B) both bear the same opportunity cost of seeing the movie because they are doing the same thing. C) it is not possible to calculate the opportunity cost of seeing the movie because the tickets were free. D) the opportunity cost of seeing the movie is zero because the tickets were free.
One reason why the "fast-casual" restaurant market is competitive is that
A) consumption takes place in public. B) demand for "fast -casual" food is very high. C) it is trendy and therefore is likely to have a customer following. D) barriers to entry are low.
The accounting-based performance analysis:
A. provides inexpensive information on opportunity costs. B. provides aggregate level data that is insufficient for decision making. C. is completely under the control of the operating managers. D. is a true reflector of a particular management center's functioning.
The demand curve for Japanese yen will shift to the right when
A) there is a decrease in demand for Japanese-made goods in the United States. B) there is no change in the demand for Japanese-made goods in the United States. C) there is a decrease in the demand for U.S.-made goods in Japan. D) there is an increase in the demand for Japanese-made goods in the United States.