According to the BCG Matrix, these products or services exhibit low growth or market share and are often referred to as "cash traps."
Stars
Cash Cows
Question Marks
Dogs
Dogs
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According to the principle of diminishing returns to labor, if the amount of capital and other inputs are held constant, employing additional workers:
A. increases output at an increasing rate. B. increases output at a decreasing rate. C. increases output at a constant rate. D. decreases output at an increasing rate
Select the phrase that correctly completes the following statement. "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a result
A) the price of sailboats increased and the quantity of sailboats demanded decreased." B) the equilibrium quantity of sailboats increased." C) the price of sailboats increased and the demand for sailboats decreased." D) the price of sailboats increased. The higher price caused the supply of sailboats to increase."
The equation, ?Y/Y = ?A/A + aK?K/K + aN?N/N, is known as
A) the production function. B) the Solow model. C) the productivity formula. D) the growth accounting equation.
Sam's manufacturing plant recently decided to pay its workers 14% more than the current market wage for equivalent skills. Such a management decision can be due to
a. noncompetitive labor markets b. labor surpluses c. the need for better skills d. efficiency wages e. community desires