According to the Miles and Snow Typology,the Prospector Strategic Type

question 33

Multiple Choice

According to the Miles and Snow typology,the prospector strategic type:

• A)is likely to be the "first mover" in new-product market areas.
• B)attempts to locate and maintain a secure niche in relatively stable product areas.
• C)attempts to maintain a stable,limited line of products.
• D)lacks a well-defined strategy.

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Definitions:

Pigouvian Subsidies

Financial incentives given by the government to encourage activities that have positive external effects on society.

Government Transfers

Payments by the government to individuals for which no good or service is provided in return.

Deadweight Loss

Deadweight loss is the decrease in total surplus (both consumer and producer surplus) that occurs when a market is not in perfect competition, typically due to inefficiencies like taxes, subsidies, or monopolies.

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.