Chris Knew His Small Local Hardware Could Not Compete on Price

question 39

Multiple Choice

Chris knew his small local hardware could not compete on price with the big-box discounters so he began offering classes for new homeowners and found other ways to provide services the bigger stores don't.Chris's competitive edge is:

• A)customer focus.
• B)quality performance.
• C)innovation
• D)niche markets.

Identify the objectives of stabilization policies.

Understand the significance of government spending and taxation changes on economic activity.

Recognize the role of automatic stabilizers in mitigating the effects of economic cycles.

Understand the influence of cultural differences on communication.

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Definitions:

Investment Banking Firms

Financial institutions that provide a range of services including underwriting, facilitating mergers and acquisitions, and acting as financial advisors for corporate clients.

Underwriters

Professionals who evaluate and assume the risk of another party's venture, often seen in insurance and finance, determining policy terms and premium prices.

Brokerage Houses

Financial institutions that facilitate the buying and selling of financial securities between a buyer and a seller.

Securities Exchange Act

A United States law that governs the trading of securities, such as stocks and bonds, to protect investors from fraud.