When You Purchase a Loaf of Bread,which of the Following

question 24

Multiple Choice

When you purchase a loaf of bread,which of the following is creating exchange utility?

• A) The transport company
• B) The government
• C) The supermarket
• D) The bread factory

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Definitions:

Lockup Agreement

The part of the underwriting contract that specifies how long insiders must wait after an IPO before they can sell stock.

Economies of Scale

Cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

White Knight

A corporation or individual that acquires a corporation on the verge of being taken over by forces deemed undesirable by the company's board or management.

Hostile Takeover

An acquisition attempt by a company or investor to acquire another company against the wishes of the target company's management and board of directors.