Monopoly power is characterized by ________.
A. market share above 50 percent in the relevant market
B. market share above 60 percent in the non-relevant market
C. market share above 70 percent in the relevant market
D. market share above 80 percent in the non-relevant market
Answer: C
You might also like to view...
Kelly works as a sales representative at Ginner Machine Works. She uses the phone and the Internet to identify prospects and make sales. Kelly calls customers and explains the products offered by Ginner and the advantages of using them
If requested, she also mails the customer product information brochures. Which of the following is most likely Kelly involved in? A) outside selling B) technical sales support C) telemarketing D) research and administrative backup E) field sales
Kelsey received a written warning after she slowed the production line twice last week when she could not keep up with her section. This happened at least four times the previous week to Sara. However, Sara only got an oral warning. The discipline of Kelsey appears to violate the __________ rule for effective discipline.
A. clearly communicate the standards and code of conduct to all employees B. be sure that the punishment fits the crime C. follow the standing plans yourself D. take consistent, impartial action when the rules are broken E. discipline in private
Global Engineering's actual operating income for the current year is $56,000
The flexible budget operating income for actual sales volume is $51,000, while the static budget operating income is $54,000. What is the sales volume variance for operating income? A) $3,000 favorable B) $2,000 unfavorable C) $3,000 unfavorable D) $2,000 favorable
Cletus thought they were draining the swamp, but Spike was convinced they were better off building a bridge across it. Their project team was doomed to failure owing to their:
A) Poorly defined team roles. B) Unclear goals. C) Lack of motivation. D) Poorly defined team interdependencies.