Because ABC Brand Has a Small Share in a Market

question 56

Multiple Choice

Because ABC brand has a small share in a market that is not growing, it is classified as a

• A) dog.
• B) star.
• C) cash cow.
• D) question mark.

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Definitions:

Rice and T-shirts

Representative commodities in discussions of global trade and economy, illustrating basic needs (food) and global manufacturing (apparel).

Absolute Advantage

A condition where a country, individual, or firm can produce a good or service at a lower cost and more efficiently than others.

Computer Components

The physical parts or elements of a computer system, such as the central processing unit (CPU), memory (RAM), storage devices, and peripherals, which work together to perform computing tasks.

Tariff

A financial charge instituted by a government on goods exported from or imported into a country.