When the Electronics Retailer Circuit City Closed Its Stores Following

question 125

Multiple Choice

When the electronics retailer Circuit City closed its stores following the 2008 recession, the market supply of electronic goods:

• A) decreased, causing the market price to fall.
• B) decreased, causing the market price to rise.
• C) increased, causing the market price to fall.
• D) increased, causing the market price to rise.

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Definitions:

Corporate Deviance

Unlawful or unethical behavior committed by businesses, often hidden from public view, to increase profit or market dominance.

Employee Theft

The act of stealing goods, money, or time (such as falsifying work hours) from an employer.

Organized Crime

Illegal operations orchestrated by influential organizations and executed extensively.

Promotional Opportunity

A chance or scenario where an individual or entity can advance or benefit, often in a professional or marketing context.