In which of the following circumstances would a cartel be most likely to operate? A. The coffee market, where the product is standardized and there is a large number of coffee growers B. The fast food industry, where there is a large number of producers and inelastic demand for fast food C. The car industry, where there are few producers and high levels of product differentiation D. The copper market, where there are few producers and the product is standardized

In which of the following circumstances would a cartel be most likely to operate? A. The coffee market, where the product is standardized and there is a large number of coffee growers B. The fast food industry, where there is a large number of producers and inelastic demand for fast food C. The car industry, where there are few producers and high levels of product differentiation D. The copper market, where there are few producers and the product is standardized

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

ChapterC1: Eco Products, Inc

Section: Chapter Questions

Problem cA

See similar textbooks

Similar questions

As a Marketer it is challenging to understand Consumer Behavior in today’s fast growing and competitive world because it is complex and dynamic in nature. However, please briefly explain which factors affects or influence consumer behavior along examples with reference to the Pakistani context.
Which of the following is an example of managing economic exposure by flexible sourcing policy? An American company sells its products in Brazil and Portugal. Reduced sales in Brazil due to the dollar appreciation against the “real” can be compensated by increased sales in Portugal due to the dollar depreciation against the euro. If yen is strong, it is preferable for a Japanese company to open a manufacturing subsidiary in the U.S. to produce and sell its products there. An American IT company hires software developers in Ukraine because of the weak position of grivna against dollar. A Canadian company spends a lot of money for research & development activities to improve its reputation and gain more customers.
Bulldogs Inc. wants to enter the global market. Which one may not be the reason in such decision? Production efficiency in other countries may result to economies and synergies that are favorable to the company To seek technologies not yet present in the home country To broaden market and increase shareholder value Essential materials and labor rates may be more expensive in other countries
Based on this case study, what issues with China-based suppliers require Numi’s managers touse influence and persuasion tactics? (b) How does Numi get suppliers to comply with its policies? Please refer to the case study attached below
A large retailer such as Walmart possesses power over smaller suppliers. In theory, Walmart could force these suppliers to sell on payment terms that were well beyond a typical industry norm. How would this impact Walmart’s cash cycle? How would this impact the suppliers’ cycle? Are there any ethical issues involved in such a practice?
Due to their rapid expansion to foreign markets the process is sometimes referred to as the “McDonaldization” of new markets. Which market entry strategy is McDonald’s Corporation using in those countries where local governments do not allow 100% foreign funded enterprises? a.Franchising b.Partnerships with local (domestic) companies c.Mergers & acquisitions d.Local holdings e.Direct export
Indicate whether the statement is true or false. A fragmented industry is dominated by a few large firms, each of which struggles to differentiate its products from the competition.
Which of the following statements is untrue about distributor metrics? Group of answer choices Goals of distribution operations include fulfilling orders in a timely and efficient manner. A goal of distribution operations is to conduct activities that maintain competitive advantages. Customer research provides valuable information about channel member needs and problems in areas other than logistics. Meeting and exceeding customer needs by getting the right amount of the right products to the right place at the right time is perhaps the most important strategic competitive advantage. The lower the service standards are, the greater the cost is to the firm in order to maintain those same service standards.
Which of the following best represents the primary economic and financial benefit to the U.S. from NAFTA? It led to increased tariffs on U.S. exports to Canada and Mexico. U.S. consumers had access to a wider variety of products. It resulted in the relocation of major U.S. corporations to Europe. The U.S. benefited from low-price manufacturing, low-priced labor, and reduced shipping and logistics costs.
The competitive advantage opportunities that a global competitor can gain by dispersing performance of its activities across many nations include all of the following, EXCEPT Question 21 options: being able to shift production from one country to another to take advantage of exchange rate fluctuations, differing wage rates, differing energy costs, or differing trade restrictions being in better position to choose where and how to challenge rivals. shortening delivery times to customers by having geographically scattered distribution facilities. centralizing value chain activities to foster just-in-time inventory activities.
The complexity posed by differences in the cultural, political, legal, and economic environments creates a so-called “liability of foreignness.” This idea holds that foreign companies, because of their poorer familiarity with local conditions, incur additional costs. In theory, the liability of foreignness makes IB activity too expensive. In practice, companies offset this liability by capitalizing on their unique advantages as well as selecting the mode of international business that best reflects their resource profile and risk tolerance--Always in the effort toward minimizing the intrinsic higher costs of international operations. The higher costs of international operations, executives point out, are driven by things as varied as the cost of legally establishing businesses, real estate costs, customs duties, and translation costs. Managing these costs is complicated by the report that _53_______%___ of global CEOs are concerned about the impact of __bribery and…
Which of the following is NOT a reason why companies move into international operations? a. To better serve their primary customers. b. To take advantage of lower production costs in regions where labor costs are relatively low. c. To increase their inventory levels. d. Because important raw materials are located abroad. e. To develop new markets for the firm's products.