Which of the following is an example of a durable strategy undertaken by firms to prevent competition?
a. Purchasing the latest technology available in the market
b. A firm spending huge sums on advertisements.
c. Selecting a unique location for carrying out operation
d. Identifying a competent sales force
C
You might also like to view...
A recession is a period of time in which real GDP falls.
Answer the following statement true (T) or false (F)
In the second quarter (three-month period) of 2016, U.S. nominal GDP increased but U.S. real GDP declined. What can we conclude?
A. Real wages declined by more than real GDP. B. Nominal income declined by more than personal income. C. The price level fell by more than real GDP. D. The price level rose by more than nominal GDP.
If foreign holdings of U.S. dollars increase, holding all else constant,
A) the balance on the U.S. current account will increase. B) the balance on the U.S. capital account will increase. C) the U.S. balance of trade will increase. D) the balance on the U.S. financial account will increase.
If the exchange rate is 1.25 New Zealand dollars per U.S dollar, the price of apples is $2 a pound in the U.S. and 1 New Zealand dollar per pound in New Zealand, what is the real exchange rate?
a. 2.50 b. 2 c. 1.25 d. .75