According to the BCG Matrix, Products or Businesses with a Low

question 69

Multiple Choice

According to the BCG matrix, products or businesses with a low share of market in a high-growth industry are considered _.

• A) question marks
• B) value chains
• C) cash cows
• D) dogs
• E) stars

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Definitions:

Marginal Product

The incremental increase in output resulting from the use of one additional unit of a resource, while keeping other resources constant.

Variable Resource

A factor of production whose quantity can easily be changed in the short term to increase or decrease production levels.

Fixed Resource

An asset or resource in production that cannot be easily increased or decreased in the short term, such as land or machinery.

Diminishing Returns

The principle that says as more of a variable input is added to a fixed input, the incremental gain in output will eventually decrease.