Match Each Item with a Statement Below

question 7

Multiple Choice

Match each item with a statement below:

-An example of a generic strategy

• A)oligopoly
• B)perfect competition
• C)low-cost leadership
• D)economies of scale
• E)external environment
• F)strategic group
• G)monopolistic competition
• H)market niche
• I)monopolies
• J)value chain

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Definitions:

Slave Power

A term used to describe the perceived political power held by slave owners in the United States prior to the Civil War, influencing legislation and policy to protect and expand slavery.

Chief Justice Roger Taney

The fifth Chief Justice of the United States, known for his controversial decision in the Dred Scott v. Sandford case, which stated that African Americans could not be American citizens.

Fugitive Slave Act

Legislation passed in 1850 in the United States that required the return of escaped slaves to their owners, regardless of the state where they were found.

Wilmot Proviso

The Wilmot Proviso was a proposed amendment to a military appropriations bill in 1846, seeking to ban slavery in territories acquired from Mexico, igniting a heated debate over slavery’s expansion in the United States.