• 2021-04-14
    7. Cost fous means a company that reduces production costs relative to its competitors and thus can charge lower prices for its products than other companies in the target _________.
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      3. An industry with high barriers to enter, having many buyers and suppliers but few substitute products and competitors, will be seen as not so competitive and thus, very attractive due to its _________.

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      Samsung believes that POP will work for them because A: its products are of the best quality. B: customers can be persuaded to change their minds. C: other companies do not give value for money.

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      中国大学MOOC: The private label products usually have very plain package and prices much lower than that of other branded products.

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      The simplest way for a monopoly to arise is for a single firm to A: decrease its price below its competitors’ prices. B: decrease production to increase demand for its product. C: make pricing decisions jointly with other firms. D: own a key resource.

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      Company A buys glue for use in manufacturing its products from companies B, C and D. Which of the following are unlikely to decrease the amount of glue that Company A demands?