Roltech Limited Is a Telecom Company That Operates GSM Networks

question 30

Multiple Choice

Roltech Limited is a telecom company that operates GSM networks in six countries.Roltech's top managers identify that the company's growth has been idle for a few years and decide to take these steps to promote growth: (1) Increase the spending on advertising and intensify promotional activities.(2) Open telecom companies in more countries.(3) Introduce special tariffs to attract more customers from existing markets.Which of the following strategies have Roltech's top managers decided to adopt?

• A)Intensification and diversification
• B)Product development and diversification
• C)Market penetration and market development
• D)Product intensification and product development
• E)Segmentation and market diversification

Grasp the mechanism and impact of collective bargaining on wages, employment, and the labor market.

Differentiate between unionized and non-unionized labor markets and their respective wage determinations.

Analyze the economic rationale behind, and the effects of, unions acting as cartels within the labor market.

Comprehend the demographic characteristics of minimum-wage workers in the USA.

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Definitions:

X-inefficiency

The difference between efficient behaviors of businesses in a competitive market and their actual behaviors due to lack of competitive pressure.

Decreasing-cost Industry

An industry in which the costs of production decrease as the industry grows and output increases.

Decreasing-cost Industry

An industry in which the costs of production per unit decrease as the industry grows and output increases.

Long-run Equilibrium

A state in which all factors of production and outputs are adjusted so that prices, supply, and demand are stable over time.