Smaller Auto Firms Such as Studebaker Were Unable to Survive

question 62

Multiple Choice

Smaller auto firms such as Studebaker were unable to survive after World War II because

• A) of Japanese competition.
• B) of antitrust actions by the U.S. Department of Justice.
• C) the reliability and durability of their cars were unsatisfactory.
• D) they were not able to achieve a scale of production that would lower unit costs.
• E) they were organized as proprietorships rather than corporations.

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Definitions:

Commercial Banks

Financial institutions that offer a wide range of services like accepting deposits, providing business loans, and offering basic investment products.

Pension Fund Managers

Pension fund managers are professionals responsible for managing investment strategies for pension funds to ensure there are sufficient assets to pay out retirees' pensions.