The Price of a Gallon of Gasoline Was $0

question 105

Multiple Choice

The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418.The cost of a gallon of gasoline was $2.25 in 2005 when the CPI equaled 1.68.The real cost of a gallon of gasoline between 1972 and 2005:

• A)increased.
• B)decreased.
• C)remained constant.
• D)may have either increased or decreaseD.The real cost of gasoline increased from $.84 per gallon ($0.35 / 0.418) in 1972 to $1.34 ($2.25 / 1.68) in 2005.

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Definitions:

SBUs

Strategic Business Units are individual units within a larger company that operate as separate businesses, each with its own mission, products, and market.

Portfolio

A collection of investments held by an individual or institution, which could include stocks, bonds, real estate, and other financial assets.

BCG Matrix

A framework that categorizes a company's products or business units into four types (stars, cash cows, question marks, dogs) based on market growth and market share, guiding resource allocation decisions.

Market Position

Refers to a brand's unique place in the minds of consumers, relative to competitors, based on attributes like quality, price, and benefits.