Lu Runs a Company That Manufactures Satellites for Commercial and Government

question 25

Multiple Choice

Lu runs a company that manufactures satellites for commercial and government use. It has few rivals. At the moment, the power of buyers, the power of suppliers, and the threat of substitutes are all low. Based on this information, what can Lu conclude?

• A) The manufacturer is likely to see little profit until the power of buyers improves.
• B) In this scenario, suppliers are likely to create and sell effective substitutes.
• C) This firm is an example of near-perfect competition.
• D) The company is likely to be very profitable as long as the threat to entry is low.

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Definitions:

DNA

Deoxyribonucleic Acid, or DNA, is the molecule that contains genetic information crucial for the growth, development, function, and reproduction of all recognized living entities and many viruses.

Adaptation

A process by which an organism or species becomes better suited to its environment, often through changes in traits or behaviors, over generations.

Mendelian Principle

The foundational principles of inheritance proposed by Gregor Mendel, including the laws of segregation and independent assortment, which explain genetic variation.

Separate Identities

The concept that individuals or groups have distinct characteristics and perceptions of self that differentiate them from others.