Which of the Following Is (Are) True

question 227

Multiple Choice

Which of the following is (are) true?

• A) There is no role for advertising in perfect competition.
• B) Firms in monopolistic competition and oligopoly use advertising in expectation of increasing profit.
• C) Advertising has costs but few, if any, benefits.
• D) A and B are true.

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Definitions:

National Culture

The set of shared values, beliefs, customs, practices, and social behaviors that characterize the people of a nation.

Organizational Behaviour

The study of both group and individual performance and activity within an organization, focusing on understanding, predicting, and managing behavior in a professional setting.

Cross-Cultural Differences

Refer to the variations in norms, values, beliefs, and practices among people from different backgrounds and societies.

Managerial Activities

Tasks and responsibilities undertaken by managers, such as planning, leading, organizing, and controlling to achieve organizational goals.