A generic market is one in which
A. products from different industries compete for customers by trying to satisfy the same basic need.
B. a number of firms are all offering new or improved products in an effort to increase sales.
C. one seller has a patent for a superior product and other competitors imitate the leader with inferior products.
D. no firm can establish a competitive advantage.
E. None of these answers is correct.
Answer: A
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Identify the type of managed-care health insurance plan where in-network care comes from a specified group of physicians and hospitals, patients can pay extra to get care from outside the network, and there generally is no gatekeeper.
A. Health reimbursement account B. Health maintenance organization C. Flexible spending account D. Preferred provider organization
Each bank in a collection chain must pass a check on before midnight of the next business day following its receipt.
Answer the following statement true (T) or false (F)
Only a firm's financial decisions affect its stock prices
Indicate whether the statement is true or false
The fraudulent conversion of another's property by one in lawful possession of it is known as:
a. larceny. b. petty treason. c. sedition. d. embezzlement.