Sometimes an Old Company in an Industry Can Build a Large

question 44

Multiple Choice

Sometimes an old company in an industry can build a large plant that has lower cost per unit than a potential entrant (newcomer) can duplicate.This is an example of a market

• A)weakness based on cost.
• B)power based on scale economies.
• C)power based on specific assets.
• D)weakness based on reputation deficiency.

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Definitions:

Average Balance

Average balance is a financial term referring to the sum of all balances during a certain period divided by the number of days in that period, often used in banking to assess fees or determine interest.

Standard Deviation

An evaluation of how spread out or dispersed a collection of data points is.

Normally Distributed

A data distribution pattern that follows the normal (bell curve) distribution.

Average Starting Salary

The mean initial compensation given to employees in a specific job or industry, often used as a benchmark for job seekers.