Which of the Following Statements Is True of the Challenges

question 18

Multiple Choice

Which of the following statements is true of the challenges faced by organized retailing in Russia?

• A) Retailers cannot rely on domestic products as their quality is low.
• B) Government impedes foreign investment in retailing.
• C) Managerial talent is becoming more difficult to find and retain.
• D) Stringent regulations on profit margins discourage capitalism.
• E) Unstable political scenario increases the risk associated with direct investments.

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Definitions:

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price; often leads to price reductions.

Shortage

A situation in which demand for a good or service exceeds the supply available at a specific price. This can lead to long lines, increased prices, or both.

Demand Schedule

A table that lists the quantity of a good a consumer will purchase at various prices in a market.

Supply Schedule

A table that shows the relationship between the price of a good and the quantity supplied.