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:

Job Information

Data or details about occupations, including duties, required skills, trends, and available positions.

Voluntary Relocation

The act of moving or being moved to a new location based on the individual's choice without external compulsion.

Low-Paying Nations

Countries characterized by significantly lower wage levels compared to the global average, often associated with high levels of poverty and inequality.

High-Paying Nations

Countries where workers generally receive high wages due to strong economies or high standards of living.