The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts
b. the Vice President does not want to negotiate aggressively enough to maximize profits
c. the sales staff want to negotiate too aggressively
d. the Vice President is more willing to offer discounts to make the sale
c
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If a country's nominal interest rate is zero, then
A) the country's economy is in a liquidity trap. B) exchange rates with other countries are likely to decline. C) exchange rates with other countries are likely to increase. D) monetary policy is likely to be very effective in stimulating the economy. E) the country's economy has achieved monetary equilibrium.
Export-led growth policy involves:
A. favoring industries that export goods over those that only produce domestically consumed goods through high tariffs. B. investing heavily in industry through tax breaks and export subsidies with the aim of selling goods around the world. C. encouraging private investment in industries that currently export goods, rather than those expanding domestically. D. discouraging imports with high tariffs.
Chance goes to a used car lot and sees the kind of car he wants, in prime condition, priced about $7,000 lower than it should be. Based on the lemon problem, why does Chance decide not to buy it?
a. He feels that he is taking advantage of the dealer. b. He fears something is wrong with the car that he is unaware of. c. He knows he will have to make up the price difference in sales tax. d. He realizes other dealers will also be willing to sell it even cheaper.
Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a homogeneous oligopolist in a highly concentrated industry?
A. Kellogg's. B. Pittsburgh Plate Glass. C. Ford Motor Company. D. Starbucks Coffee.