What is the result of two or more firms collaborating on a wrongful act, such as price fixing?
A) Unfair pricing
B) Price gouging
C) Product collaboration
D) Collusion
E) Consumerism
Answer: D
Explanation: D) Interfering with competition can take the form of illegal pricing practices. Collusion occurs when two or more firms collaborate on such wrongful acts as price fixing.
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Which of the following is true of a market version of utilitarianism?
A. A government regulator determines the safety standards in the marketplace. B. Individuals calculate for themselves what risks they wish to take. C. Social science determines policies to maximize the overall good. D. Questions of safety and risk are determined by experts.
The Hallmark Company was inspired by the popularity of Jan Karon's best-selling novels about Mitford, a fictional town in the mountains of North Carolina, to develop a new line of products for Hallmark Gold Crown Stores nationwide. Hallmark created hundreds of Mitford-inspired products that authentically bring "the little town with the big heart" into tangible reality. The products include greeting cards, partyware and gift wrap, mugs, and puzzles for Hallmark's existing customers. Hallmark used a _____ strategy.
A. market development B. market penetration C. product penetration D. product development E. diversification
Define the characteristics of a real object
What will be an ideal response?
If two groups of numbers have the same mean, then
a. their standard deviations must also be equal. b. their medians must also be equal. c. their modes must also be equal. d. other measures of location need not be the same.