What Is the Difference Between a SmartArt List Diagram and a SmartArt

question 10

Multiple Choice

What is the difference between a SmartArt List diagram and a SmartArt Process diagram?

• A) The List is for nonsequential information; the Process is steps in a process.
• B) Lists are always horizontally displayed while Processes are always displayed vertically.
• C) They both show a process or timeline but Lists are vertical and Processes are horizontal.
• D) Lists are always vertically displayed while Processes are always displayed horizontally.

Identify the impact of external events on market equilibrium (price and quantity).

Distinguish between complements and substitutes in consumption and their market effects.

Analyze the impact of technological advancements on supply and market equilibrium.

Understand the relationship between income changes and demand for normal and inferior goods.

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Definitions:

Parallel Market

An unofficial market where goods are traded outside of the official channels, often at a different price point.

Dumping Strategy

A practice where companies sell products in foreign markets at prices lower than those in their domestic market, often to increase market share or unload surplus inventory.

Profit Margin

The ratio of a company's net income divided by its revenue, indicating how much profit the company makes for each dollar of sales.

Unbundling

The practice of separating out parts of a service or product to sell them individually, often used to offer more transparency and choice to customers.