Long-Term Growth in Production Can Be Explained By

question 25

Multiple Choice

Long-term growth in production can be explained by:

• A)an improvement in the quality of resources available.
• B)a gradual but consistent rise in the price level.
• C)a rapid and accelerating increase in the price level.
• D)a trade surplus that leads to the accumulation of gold.
• E)the peaks and troughs of economic fluctuations.

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Definitions:

BCG

Refers to the Boston Consulting Group Matrix, a strategic planning tool that categorizes a company's business units or products into four categories (Stars, Cash Cows, Question Marks, and Dogs) based on market growth and market share.

SBU

Strategic Business Unit; a semi-autonomous component of a larger organization, often focused on a specific product line or market segment.

Growth-Share Matrix

A strategic business tool used to evaluate a company’s portfolio of products or business units on the basis of their growth potential and market share.

Market Penetration

A measure and strategy of the amount by which a product or service is recognized and bought by customers in a particular market.