A Certain Marble Quarry Provides a Unique Type of Marble

question 32

Multiple Choice

A certain marble quarry provides a unique type of marble that is richly colored and strikingly veined. It has been used for churches and public buildings throughout the world. The architect of a new headquarters for a prestigious Fortune 500 firm has specified the use of this marble,and this marble only,for this project. Which of the following statements is most likely to be true?

• A)The cost of the marble will be expensive because of the bargaining power of the supplier.
• B)The cost of the marble will be moderate because of the bargaining power of the buyer.
• C)The cost of the marble will be moderate because of economies of scale.
• D)The cost of the marble will be expensive because of the high strategic stakes involved.

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Definitions:

Excise Tax

A type of tax levied on specific goods, services, or activities, often aimed at discouraging undesirable behaviors or generating revenue.

Latte

A coffee drink made with espresso and steamed milk, often with a small amount of foam on top.

Excise Tax

A type of tax charged on specific goods, such as alcohol and tobacco, often used to discourage their use and generate revenue.

Tax Burden

The measurement of taxes paid by an individual or business, often expressed as a percentage of income or revenue.