Firms That Are Involved in More Than One Type of Business

question 187

Multiple Choice

Firms that are involved in more than one type of business could be evidence of an attempt to

• A)increase private profit at the expense of consumers.
• B)internalize some forms of positive externalities.
• C)reduce the impact of government regulations on their business.
• D)increase the private marginal cost of production.

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Definitions:

Performance-Improving Innovation

Innovations that enhance the efficiency, productivity, or effectiveness of an organization or process.

Car Seats' Comfortability

The degree to which car seats are designed and constructed to provide comfort and ease for passengers.

Open Innovation Platforms

Electronic platforms through which people from different companies and independent contractors work collaboratively with internal R&D staff to innovate.

Research and Development

The research efforts a company undertakes to enhance current products and processes or to facilitate the creation of new products and processes.