Competition refers to
A. any product or service that vies for a portion of a customer's discretionary income.
B. identical products that perform identical functions.
C. alternative firms that could provide a product to satisfy a specific market's needs.
D. any for profit organization that targets the customers of other organizations.
E. the set of firms that operate in a given geographic region, regardless of product or service.
Answer: C
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Scenario D: A global cosmetics company called Nature's Beauty is considering its corporate strategy. Several members of its board of directors believe they have the "perfect" strategy for the company. Bill believes that the best option is for Nature's Beauty to stay on its current track of offering only organic cosmetics to customers who like organic products. Chita wants the company to expand by purchasing the manufacturing plants that produce the Nature's Beauty products. Another director, Manuel, wants to build the company by adding related products, such as skin care and perfume, to be sold alongside its current products. Finally, the original owner of the company, Nuri, wants to expand the company by doing something completely new, such as building restaurants or perhaps starting an
entertainment park.Which of the following corporate strategies does Chita favor? A. concentration B. conglomerate diversification C. vertical integration D. differentiation E. lateral diversification
Land, since it is immovable, is an example of:
a. fake property b. intangible property c. taxless property d. personal property e. none of the other choices are correct
The network portion of an IP address always begins from the ________ octet
A) right-most B) upper-most C) lower-most D) left-most
Copyright and patent protection was established through_____
a. the Bill of Rights b. the U.S. Federal Codes and Statutes c. the U.S. Constitution d. various state laws