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You have discovered have royal blood, and now that you have taken college economics you are ready for the world. The small European nation of Genovia has asked you to take the crown and lead them. It is a market economy.

A differentiated product is a product that a. better satisfies customer needs than rival products do. b. always costs more than rival products. c. looks different from rival products. d. is packaged in a unique and eye-appealing manner. e.

Which nims management characteristic refers to the personal request it through appropriate authorities and established resource management

The GE "stop-light" evaluation method is a very objective approach because GE feels there are too many possible errors if it tries to use subjective criteria for judging "attractiveness" or "strength."True / False.

Which factor does not affect the elasticity of demand for a good?

Your bank is offering you an account that will pay 20 % interest in total for a two-year deposit. Determine the equivalent discount rate for the following: a. Six months b. One year c. One month

A sales associate has a house listed at $200,000. It's overpriced and he feels it has only a 70% chance of selling in the original listing term. He also has a $300,000 house that has an 80% chance of sale.

Banks are financial intermediaries because they: a) hold all the money in the economic system in currency form. b) print money as needed for borrowers whether business, individual, or government entities.

Johnson Company manufactures a variety of shoes, and has received a special one-time-only order directly from a wholesaler. Johnson has sufficient idle capacity to accept the special order to manufacture 15,000 pairs of sneakers at a price of $7.

What are the remains after the costs of running a business have been paid? A. stock B. taxes C. profits D. sales