Your company has recently requested that you travel to Dhaka, Bangladesh, to work on negotiations for a new factory to be located in one of the port cities. Your travel agent provides a list of several hundred local hotels and a Sheraton. In this case, the Sheraton brand-name is likely to be used as a signal of
a. perceived differences that are not likely to exist among your various options.
b. quality when quality cannot be easily judged.
c. inefficiency in markets characterized by recognizable brand names.
d. the quality of general lodging accommodations in Dhaka.
b
You might also like to view...
If the Fed can communicate that it will maintain a(n) ________, the long run nominal interest rate will remain ________
A) expansionary fiscal policy; low B) contractionary fiscal policy; high C) contractionary monetary policy; low D) expansionary monetary policy; low
In an ordinary election between two candidates, once both candidates have positioned themselves in the political middle, neither has an incentive to move back toward one of the extremes
Indicate whether the statement is true or false
An increase in the tariff on foreign-produced automobiles would most likely help
a. the domestic producers of automobiles. b. steel producers that sell most of their output to foreign producers of automobiles. c. workers in the foreign automobile industry. d. consumers looking for alternatives to domestic automobiles.
A major goal of the World Trade Organization is to:
Increase the protection of producers against foreign trade competition Encourage bilateral trade agreements between nations reduce trade barriers and expand international trade among nations Maximize tariff revenue for governments