_________ Are Those That Have Few Sources of Advantage,but the Size

question 15

Multiple Choice

_________ are those that have few sources of advantage,but the size is large--typically the result of scale economies.

• A) Volume businesses
• B) Stalemate businesses
• C) Specialization businesses
• D) Fragmented businesses

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Definitions:

Caveat Emptor

This Latin phrase means "let the buyer beware," implying that the buyer assumes the risk for the quality and condition of goods purchased unless they are protected by warranty.

American Business

Aspects, practices, or characteristics unique to business operations in the United States, covering economic, legal, and sociocultural components.

John F. Kennedy

The 35th President of the United States, known for his contributions to civil rights, space exploration, and international diplomacy.

Consumer Ethics

The moral principles and standards that guide the behavior of individuals as consumers in the marketplace.