Unless they face major trade barriers, the industries in any country tend to produce products for which they have a _____, which means that they tend to turn out those goods that have the lowest opportunity cost compared to other countries.
A. comparative advantage
B. balance of payments surplus
C. positive balance
D. trade surplus
Answer: A
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Indicate whether the statement is true or false
Carmen is comparing how much she works with how much her coworker Alice works. Carmen believes that she works more hours than Alice does but that Alice get paid more. Carmen’s awareness of her inputs and outcomes compared to Alice’s inputs and outcomes is a common theme in ______ theory of motivation.
A. equity B. process C. content D. expectancy
A strategic disadvantage of vertical integration is
A. to boost a firm's capital investment in the industry, thus increasing business risk if the industry becomes unattractive later. B. to speed up the company's adoption of technological advances. C. to impair a company's operating flexibility when it comes to changing out the use of certain parts and components. D. to require radically different skills and business capabilities than the firm possesses. E. to impair a company's flexibility in accommodating shifting buyer preferences.
In which stage of the product life cycle would you see low sales, negative profits, and large expenditures for promotion and distribution?
a. the business stage b. the maturity stage c. the decline stage d. the introduction stage e. the growth stage