In Some Industries,pollution Rights Are Sold from One Company That

question 7

Multiple Choice

In some industries,pollution rights are sold from one company that does not need them to another that does.In recent years,conservation groups have purchased pollution rights so they cannot be exercised.Companies in need of pollution rights will find that:

• A)the supply of pollution rights has increased.
• B)the prices of pollution rights have fallen.
• C)the relative costs of pollution control equipment has gone up.
• D)the prices of pollution rights have gone up.

Recognize strategies businesses can employ to gain competitive advantage, including cost leadership, differentiation, and innovation.

Explain the concept of switching costs and their effect on buyer behavior and competitive strategy.

Identify the strategies employed by companies to reduce buyer power and increase customer loyalty.

Analyze the effects of globalization, technology advancement, and integrated supply chains on supplier power.

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Definitions:

Base Ten

A numeral system that is decimal and uses ten as its base for counting and calculations.

Teaspoon

A small spoon used typically for measuring or stirring liquids, equivalent to about 5 milliliters in volume.

Hector

To bully or intimidate someone.