James Is a Junior Level Manager with the Palm Green

question 10

Multiple Choice

James is a junior level manager with the Palm Green Hotels.He is also a freelance journalist for a local travel magazine.James keeps himself updated with news about his company and always features the hotel in his weekly columns.He promotes his hotel to such an extent that the number of visitors to the hotel has considerably increased.Which of the following characteristics does James portray?

• A)Edginess
• B)Political deviance
• C)Sportsmanship
• D)Civic virtue
• E)Boosterism

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Definitions:

Herfindahl Index

A measure of market concentration that squares and then sums the market share percentages of all firms within the industry.

Market Power

The ability of a company, group, or individual to manipulate or control prices and total market output.

Conglomerate Merger

A type of corporate action where two companies operating in entirely different industries come together to form a single larger corporation.

Vertical Mergers

Mergers between companies that operate at different levels of the supply chain, such as a manufacturer merging with a supplier or distributor.