Which of the following statements is true of direct competition?
a. It is determined by market commonality and resource similarity.
b. It encourages the production of perfectly imitable resources.
c. It uses cost leadership to produce a specialized product for limited customers.
d. It minimizes the effects of industry competition.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which of the following statements is true of direct competition? a. It is determined by market commonality and resource similarity. b. It ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Jack has $1,000 that he wishes to invest for the next two years. One-year CDs are currently paying 8% while two-year CDs are paying 12% per annum. Economists are predicting that interest rates will rise by the end of the year.
Answers (1)
A company has been receiving complaints about the attitude of some sales clerks. Over a 10-day period, the total number of complaints was 360. The company wishes to develop a control chart for the number of complaints.
Answers (1)
Unemployment benefits are a. paid to individuals the entire time they are unemployed regardless of how long they are unemployed. b. not paid to individuals with assets valued over $200,000. c.
Answers (1)
Gagner Clinic purchases land for $150,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200.
Answers (1)
Anna Elleson has just opened her plumbing business in a small industrial park located within the boundaries of the city of Tempe, Arizona.
Answers (1)
New Questions in Business
Assume Joe Harry sells his 25% interest in Joe's S Corp., Inc. to Tyrone on January 29. Using the daily allocation method, how much income does Joe Harry report if Joe's S Corp., Inc.
Answers (1)
Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing.
Answers (1)
LO 7.2Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700 in April, and 2,900 in May.
Answers (1)
The common stock of Alpha Manufacturers has a beta of 1.18 and an actual expected return of 13.33 percent. The risk-free rate of return is 3.3 percent and the market rate of return is 12.20 percent.
Answers (1)
Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly payments is called installment credit an unsecured loan a secured credit card compounding interest
Answers (2)