General Motors Operates Several Divisions in Supplying Cars, Trucks, Vans

question 91

Multiple Choice

General Motors operates several divisions in supplying cars, trucks, vans, and SUVs to its customers. Each division engages the usual business participants, overlaps management functions with other divisions, and works in basically the same functional areas as all of the others. Chevrolet, Cadillac, and GMC trucks are among the company’s product lines. Its few major competitors include Ford, DaimlerChrysler, Nissan, Honda, and Toyota. Each automaker sells a large portion of all the products sold in the marketplace, and each differentiates its product lines.
-If the automobile industry included many rather than few manufacturers of differentiated their products,we might conclude that it was characterized by _____ conditions.

• A)perfect competition
• B)oligopoly
• C)monopolistic
• D)monopoly

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Definitions:

Therapeutic Drug

Medication used to treat, manage, or prevent disease or symptoms in order to improve the patient's health condition.

Antianxiety

Relating to substances or techniques that reduce or alleviate anxiety.

Public Transit

Systems of publicly accessible transportation services intended for general public use, such as buses, trains, and subways.

Antianxiety Drugs

Medications prescribed to alleviate symptoms of anxiety and panic disorders.