A Business with a Share Development Index Equal to 45

question 20

Multiple Choice

A business with a share development index equal to 45 means that the business ________.

• A)can only achieve 45 percent of the total market share
• B)achieved a 45 percent growth in market share
• C)achieved only 45 percent of its share potential index
• D)achieved a 45 percent growth in competitive advantage
• E)has to achieve 45 percent more in market share to reach its potential market share

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Definitions:

Market Failure

Occurs when resources are misallocated, or allocated inefficiently. The result is waste or lost surplus.

Rent-Seeking

The practice of seeking to increase one's share of existing wealth without creating new wealth, often through manipulation or exploitation of the legal or political environment.

Monopoly Powers

The ability of a single seller or company to control the market for a good or service, often resulting in limited competition.

Impossibility Theorem

A theory, often associated with economist Kenneth Arrow, stating that no rank-order voting system can simultaneously fulfill certain fairness criteria.