Firms that want to maintain or improve their competitive position in the marketplace generally must develop new products.

Answer the following statement true (T) or false (F)


True

Firms that want to maintain or improve their competitive position in the marketplace generally must develop new products. Failure to do so carries tremendous risk, particularly for companies that develop products that quickly become obsolete.

Business

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Discrimination against imports other than import duties are known as _____________.

What will be an ideal response?

Business

Successful firms are very careful in selecting the work to be outsourced. If expectations and requirements are fuzzy or open to debate, working together can become very difficult. The following are ways to clarify requirements and procedures EXCEPT

A. Make sure communication is well structured and interactions are managed to avoid confusion. B. Establish who has access to certain information through robust safeguards. C. Contract only work with clearly defined deliverables with measurable outcomes. D. Make sure that different firms' project management systems are integrated. E. Document your requirements.

Business

Alimony and child support obligations are considered priority claims

a. True b. False Indicate whether the statement is true or false

Business

Use the following terms for this question:

C = consumption I = capital investment spending G = government spending X = exports of goods and services M = imports of goods and services BOP = balance of payments GDP = gross domestic product NPV = net present value INF = inflation R = real rate of return The static equation for the nations GDP is: A) GDP = C + I + G + (X + M ) × INF B) GDP = C + I + G + X + M C) GDP = C + I + G + X - M D) GDP = C + I + X - M + R

Business