Use Your Basic Knowledge and Your Understanding of Market Structures

question 38

Multiple Choice

Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a monopolistic competitor?

• A)Subway Sandwiches
• B)Pittsburgh Plate Glass
• C)Ford Motor Company
• D)Microsoft

Recognize the importance and methods of making services more tangible to consumers.

Comprehend the challenges in evaluating and marketing services due to their intangible nature.

Identify the four unique elements of services: intangibility, inconsistency, inseparability, and inventory.

Understand the role and growth of services in the economy.

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Definitions:

Source Of Cash

A source of cash refers to any activity or transaction that brings money into a business or individual's possession, increasing cash flow.

Purchasing Manager

A professional responsible for obtaining goods and services for business operations at the best possible price and quality.

Inventory Holdings

The quantity and value of goods a company has in stock or in a warehouse, ready for sale or distribution.

Marketable Securities

Financial instruments that can be easily sold or converted to cash without a significant loss in value.