Which of the Following Is True About an Optimize Position

question 31

Multiple Choice

Which of the following is true about an optimize position strategy?

• A)It is used for maximizing profits and cash flow as a business slowly exits a product-market.
• B)It is usually used by a business when the growth potential is limited and competitive position is set.
• C)It is an offensive strategic market plan that seeks to improve a business's competitive position in an attractive segment of the market.
• D)It involves making a conscious effort to increase customer base in order to reach a more profitable level of business.
• E)It requires a large investment in marketing resources.

Comprehend how taxes affect consumer surplus and the generation of deadweight loss.

Identify the primary sources of government revenue and the importance of different types of taxes.

Analyze scenarios to calculate consumer surplus before and after tax imposition.

Recognize the difference between tax avoidance and tax evasion.

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Definitions:

Budget Constraint

A limitation on the consumption choices of individuals or firms, dictated by their income and prices of goods.

Budget Constraint

A budget constraint represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.

DVDs

Optical disc storage format used to store high capacity data like movies, software, and other digital content.

CDs

Short for Certificates of Deposit, which are savings certificates with a fixed maturity date and specified fixed interest rate that are issued by banks.