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Question
Which of the elements explains how the winner takes most of the market share?
(A) Technology provides the company a way to recap its initial cost to produce a product, because as production increases, the cost of producing each additional unit increases.
(B) Economies of scale create winner-take-most market situations.
(C) Creating the industry standard and being the first-mover are important market strategies that go hand in hand to dominate a market.
(D) Being the first to develop the standard creates a first-mover advantage to become the strong winner-take-most of the market share leader.
(E) Businesses like Amazon. com, e-Bay, and Intel all have first-mover advantage.
Answer
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Related questions
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Which of the following branches of government does the legislative branch include?
(A) The Senate
(B) The House of Representatives
(C) Regulatory agencies.
(D) The President's office
(E) The Supreme Court
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What would be considered as nonmarket society environment elements?
(A) Societal interest groups
(B) Employees
(C) News media
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(E) Communities
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Which of the following are stakeholders in a business as identified by the textbook?
(A) Owners
(B) Employees
(C) Politicians
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(E) Consumers who don't buy a company's product
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Which of the following is true of amoral managers?
(A) Their values are based on the Judeo-Christian faiths.
(B) They have strong ethics and apply those ethics to their business.
(C) They want to be socially responsible.
(D) They want to maximize profits but with a strong sense of ethics.
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Q:
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(A) True
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(A) teamster
(B) ombud
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The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers
(A) Wagner
(B) Norris-LaGuardia
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The employer–employee relationship is critical because it affects the performance of the business.
(A) True
(B) False
Q:
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(A) True
(B) False
Q:
Unions in the United States are on the rise.
(A) True
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Q:
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(C) Employees are responsible for their own career future, which is likely to entail having multiple jobs.
(D) The old manager–employee relationship was more collaborative than adversarial.
(E) The old relationship called for loyalty to and identification with the employer.
Q:
Employer-employee relationship is much the same as it has always been.
(A) True
(B) False
Q:
_______are the business rules of conduct, and the rules are developed by regulatory agencies to implement laws passed by Congress.
(A) Reservations
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Q:
Name some benefits and costs of regulation.
Q:
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(A) Executive Office of the president
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Q:
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(A) the General Accounting Office
(B) the Federal Oversight Administration
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Q:
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(B) mitigating
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Q:
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(A) True
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Many federal laws have been passed that have affected businesses.
(A) True
(B) False
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(A) True
(B) False
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(B) False
Q:
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(A) True
(B) False
Q:
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(A) True
(B) False
Q:
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(A) Scanning the environment to identify issues and trends that will affect society.
(B) Assuming that last year's issues have been resolved and this year's issues will be similar.
(C) Using the same categorization process for identifying issues as your competitors do.
(D) Evaluating the impact issues will have on the firm and ranking issues by priority to the firm.
(E) Conducting a strategic analysis to develop strategies for dealing with high-priority public affairs issues.
Q:
Which of the following could be considered Public Affairs statements?
(A) "Quality is Job 1."
(B) "We will not seek an unfair advantage over our competitors."
(C) "Save money, live better."
(D) "Finger-lickin' good."
(E) "Because you're worth it."
Q:
Which of the following are true about public affairs activities?
(A) It is not concerned with stakeholders.
(B) It refers to how businesses interact with stakeholders.
(C) During PA functions, managers must be ethical, and unethical behavior should be reported through whistleblowing
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Q:
Which statement about the market and nonmarket is not correct?
(A) The market environment includes owners, employees, suppliers, customers, and competitors.
(B) The nonmarket environment includes interactions with society and government.
(C) The nonmarket environment structures (laws and regulations) how business operates in the market environment and the positions of firms in the market, and it creates opportunities for and threats to business.
(D) The market environment creates issues of special interest that are addressed in the nonmarket environment.
(E) All these statements are correct.