Why are many companies concerned about brand management?
What will be an ideal response?
Firms are concerned about brand management because maintaining their product's unique identity and good reputation is necessary for stopping competitors from attracting their customers away.
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An increase in government spending may expedite recovery from a recession in the short run, but in the long run this policy may
A) raise interest rates and reduce consumer expenditures on automobiles and new houses. B) make domestic businesses less competitive in international markets as the dollar appreciates in value. C) reduce investment in new capital. D) All of the above are correct.
When the central bank buys $1,000,000 worth of government bonds from the public, the money supply:
A. decreases by $1,000,000. B. increases by more than $1,000,000. C. increases by less than $1,000,000. D. increases by $1,000,000.
In the modern U.S. economy, the typical unemployed person stays unemployed for
A) a relatively long time, over a year. B) a relatively short time, less than six months. C) a long time during expansions and a short time during recessions. D) an amount of time that is hard to quantify.
The curve that assumes that there is some tax rate beyond which the supply response is large enough to lead to a decrease in tax revenue for further increases in the tax rate is the
A. Lucas supply curve. B. Laffer curve. C. aggregate supply curve. D. aggregate production function.