Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true?

• A)Manufacturers are not permitted to refuse distribution rights on the grounds that the retailer will sell for less than the list price
• B)Manufacturers are permitted to refuse distribution rights on the grounds that the retailer will sell for less than the list price
• C)Manufacturers are not permitted to refuse distribution rights on the grounds that retailers may not measure up in terms of décor and staff training
• D)Manufacturers are never permitted to refuse distribution rights due to national and European legislation

Apply the concept of average and marginal product to analyze production levels.

Understand the impact of educational or technological advancements on labor productivity and firm's production technology.

Understand the concept of labor and capital intensity in production technologies.

Calculate and interpret average and marginal product of labor.

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Definitions:

Competitive Advantage

The unique attributes or circumstances that allow an organization to outperform its competitors.

Organizational Resources

Assets, capabilities, and inputs that an organization utilizes to operate and achieve its objectives, including human, financial, and physical resources.

Environmental Opportunities

Circumstances in the external environment that a business can exploit to its advantage.

Organizational Weaknesses

Aspects of an organization that reduce its ability to reach its goals, including deficiencies in resources, processes, or capabilities.