A Market Share Objective

question 96

Multiple Choice

A market share objective

• A) is not recommended when sales for the total industry are declining.
• B) is not especially useful when sales for the total industry are increasing.
• C) is not especially useful when sales for the total industry are flat.
• D) is useful primarily in an industry where total sales are increasing.
• E) can be used effectively whether total industry sales are rising or falling.

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Definitions:

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, including water, minerals, forests, and fish.

Underemployment

The condition in which people in a labor force are employed at less than full-time or regular jobs or at jobs inadequate with respect to their training or economic needs.

Skilled Workers

Individuals who have specialized training, experience, and expertise that enable them to perform complex tasks.

Labor Force

The total number of people employed or actively looking for employment in an economy.