Mis Midterm

23. If a company produces a uniquely formulated anti-ageing face cream targeted at women above the age of forty, which of the following competitive strategies is it following?

23. A firm participating in a competitive market with costs described in the table below would always shut down:

2. Adrienne decides to add new sales representatives and increase advertising in her existing market for her current line of security systems. Adrienne is pursuing a __________ growth strategy.

This is an individual assignment. You must work alone to complete this quiz. It is important that you complete all readings and videos prior to attempting the quiz. The completed quiz must be submitted in appropriate assignment folder by the due date and time. Please see the Syllabus > Course Schedule. This quiz is valued at 5 points (5% of course grade).

Industries often have an established company that is a price leader. When competitors “meet” the leader’s price, the competitor is pursuing a ______?_____ strategy? B

(7) A monopolist can discriminate prices for his product, a firm working under perfect competition cannot. The monopolist will be increasing his total profit by price discrimination if he find? Elastic ties of demand are different in different markets.

3. The marketing strategy of company is not so convincing because they can extend their product range with good

| In a business hierarchy, the level that is responsible for monitoring the daily activities of the business is

t. How favorably the company’s price compares with the lowest price being charged by a rival in the same geographic region.

8. Compared to a perfectly competitive industry with the same demand and cost curves, a monopoly’s price and output will be which of the following?

When you feel confident that you have mastered the material in this study unit, complete the following examination. Then submit only your answers to the school for grading, using one of the examination answer options described in your “Test Materials” envelope. Send your answers for this examination as soon as you complete it. Do not wait until another examination is ready. Questions 1–20: Select the one best answer to each question. 1. Which of the qualities required for a good

21.   If the customer satisfaction doesn’t always lead to customer loyalty firms may need to focus additional effort on ____ strategies. Retention; base marketing

Employers often have systems that contain employee records and performance evaluations. These info systems are useful for managers to communicate efficiently with employees by providing information that will allow them to better coach and develop their employees. This is very useful in achieving operational excellence.

Competition within the industry as well as market supply and demand conditions set the price of products sold.

b) In a monopolistic market, the price will be greater than marginal cost and thus than the