Four Dollar a Gallon Gasoline Was Unimaginable When Mechanical Gas

question 12

Multiple Choice

Four dollar a gallon gasoline was unimaginable when mechanical gas pumps first appeared in the United States in the 1930s.Their spinning dials cannot register sales beyond $99.99,which will not fill up many SUVs.The pumps can be modernized for about $650,but the company that provides this service has a huge backlog.This is an example of how _____ factors affect small convenience stores and service stations.

• A) technological and cultural
• B) competitive and natural
• C) economic and technological
• D) cultural and economic
• E) demographic and marketing mix

---

Definitions:

Standard Deviation

An evaluative statistical figure expressing the level of fluctuation or diversity among values in a particular dataset.

Rate Of Return

A rise or drop in an investment's value within a specific timeframe, shown as a percentage of the investment’s original cost.

TSX

The Toronto Stock Exchange, a major stock exchange in Canada where stocks of companies are bought and sold.

Inefficient Market

A market where securities' prices do not fully reflect all available information, leading to potential for abnormal returns.