Which of the Following Actions Can Enable Companies to Gain

question 82

Multiple Choice

Which of the following actions can enable companies to gain a cost competitive advantage?

• A)Removing frills from products
• B)Increasing marginal customers
• C)Eliminating reverse engineering efforts
• D)Developing additional exclusive functional departments

Understand how taxes influence incentives and the allocation of resources.

Recognize how the burden of a tax is shared between buyers and sellers.

Analyze the role of government tax revenue in relation to public benefit and market welfare.

Understand the impact of taxes on labor supply decisions.

---

Definitions:

Pollution Capacity

The ability of a natural environment to absorb, break down, or otherwise neutralize pollutants without suffering detrimental effects.

Environmental Standards

Regulations and criteria set by authorities or organizations to protect the environment from harmful levels of pollutants or to manage the use of natural resources.

Flexibility

The ability to adapt to new, different, or changing requirements or conditions.

Pollution

The introduction of contaminants into the natural environment that cause adverse changes, affecting air, water, and soil quality.