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Question
For a firm to maximize its profitability, it is necessary that it:A.creates products similar to the products of its competitors.
B.does not configure its internal operations to reduce costs.
C.minimizes the value of the consumer surplus.
D.picks a position on the efficiency frontier that is viable.
E.strips all the value out of its product offering.
Answer
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Related questions
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Which of the following occurs when a government increases the money supply?
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B.E$/ = (1 + P$)/P
C.E$/ = P/P$
D.E$/ = P$/P
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Q:
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What is meant by translation exposure?
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A.Rising inflation
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What kind of demand is seen when a small change in price produces a large change in demand?
A.Elastic
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In which of the following conditions does arbitrage occur?
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B.When a firm sells a product at higher prices to make a profit from relatively fewer sales
C.When a firm imports products from a manufacturer and distributes them directly through retail outlets
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If a firm favors a push strategy, using direct selling to educate potential consumers about the features of its products, what kind of products would it most likely sell?
A.Professional services
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C.Consumer products
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Which of the following is true of the barriers to international communication?
A.Noise tends to increase the probability of effective communication.
B.Source effects can be beneficial for an international business when potential consumers in a target country have a bias against foreign firms.
C.Many international businesses try to promote positive source effects by deemphasizing their foreign origins.
D.Fewer firms vie for the attention of prospective customers in developing countries, thus the noise level is lower.
E.Research suggests that a consumer may use country of origin as a cue when evaluating a product, particularly if he or she has detailed knowledge of the product.
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According to research, when do consumers usually use the country of origin as a cue when evaluating a product?
A.When a firm tries to deemphasize its foreign origins
B.When consumers lack detailed knowledge of a product
C.When an advertising campaign stresses the positive performance attributes of a product
D.When a limited number of messages compete with each other for consumers' attention
E.When a firm resorts to personal selling instead of mass media advertising