Oligopoly First Became an Issue in the United States When

question 252

Multiple Choice

Oligopoly first became an issue in the United States when:

• A)the Sons of Liberty dumped the East India Company's tea into Boston Harbor in 1773.
• B)the Emancipation Proclamation was issued in 1863.
• C)the growth of railroads made possible a national market for goods in the second half of the nineteenth century.
• D)Google purchased Motorola Mobility in 2011.

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Definitions:

Blue Ocean Strategy

A business strategy that focuses on creating new market spaces (blue oceans) where there is no competition, as opposed to competing in existing industries (red oceans).

Competitive Advantage

A situation or factor that places a company in an advantageous or dominant position over its rivals in the business.

SWOT Analysis

A strategic planning technique used to identify and assess Strengths, Weaknesses, Opportunities, and Threats.

Blue Ocean Strategy

A marketing theory that suggests companies are better off searching for ways to gain "uncontested market space" than competing with similar companies.