________ describes the actions a firm takes to maintain the differentiation of its product over time
A) Brand management B) Product differentiation
C) Advertising D) Aggressive marketing
A
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Define the following terms:
a) Indifference curve b) Utility
Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.
If there are no unexploited opportunities for individuals in a particular market, then one can conclude that:
A. government regulation has been successful. B. a socially optimal outcome has been achieved. C. the market is not in equilibrium. D. the market is in equilibrium.
Which of the following would cause the equilibrium price of ketchup to increase and the equilibrium quantity of ketchup to decrease?
A) a decrease in the price of tomatoes B) an increase in the price of tomatoes C) an increase in the price of mustard, a substitute for ketchup D) an increase in the price of french fries, a complement for ketchup