From the GPS Insight Case, Donat's Success Is Attributed to Which

question 81

Multiple Choice

From the GPS Insight case, Donat's success is attributed to which of the following?

• A)Part of the reason for the success is the stick-to-it attitude of making it happen.
• B)Success was easy because Donat had a great idea.
• C)His maturity and savings did not contribute to his success.
• D)Because of the new technology used, his experience and business knowledge was unimportant to the success

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Definitions:

AC

Average Cost; the total cost of production divided by the quantity produced, indicating the cost per unit of output.

Monopoly

An economic situation where a sole seller dominates the market by providing a product that has no closely comparable substitutes.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price level and period.

Price

The sum projected, mandated, or allocated in money for acquiring something.