Explain "market leader" according to the market structure model
What will be an ideal response?
Market Leader: Most markets have a market leader on top with a large amount of market share, often about 40
percent (the exact amount varies from market to market). The market leader often dictates the tempo and pricing of
the market.
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In an organization, employees do not need permission to exercise their ______.
A. consent B. goal C. rights D. privileges
Only the defendant can appeal in a criminal case
Indicate whether the statement is true or false
The manager of a local barbeque place in town is asked by his owner to develop a situational analysis of the business. The owner is sure that this type of analysis is pertinent in helping to make strategic decisions that will need to be made within the next year. This situational analysis will have a section that will help the owner of the business understand which of the following
A. financial projections. B. the firm's strengths and weaknesses. C. product information. D. information on past business experiences.
When Congress passed a criminal statute called the "Gun-Free School Zones Act," the Supreme Court ruled that:
a. the law was valid as a proper exercise of the power to regulate interstate commerce. b. the law was void for vagueness; thus, it was not valid. c. the law was not valid since Congress exceeded its power under the Commerce Clause. d. although the law was not a proper exercise of the power to regulate interstate commerce, Congress had the power to create such legislation on other grounds. Therefore, the statute was valid.