At Least in the Short Run,each of These Factors Has

question 131

Multiple Choice

At least in the short run,each of these factors has increased competition except

• A)the entry of foreign firms.
• B)the growth in size of many American firms.
• C)the rise of the service industries.
• D)the rise of new industries.

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Definitions:

Skimming Pricing Strategy

A pricing strategy where a high price is set for a new product to maximize profits from customers willing to pay a premium before lowering the price over time.

Xerox

Often used as a synonym for photocopying, Xerox is a company known for its printing and photocopying technology.

Portable Fax Machine

A compact, mobile device that can send and receive documents over a telephone line, useful for business communication on the go.

Selective Demand

Demand for a specific brand or product over its competitors, driven by marketing efforts and consumer preferences.