In Which Type of Industry Would a Marketing Director Be

question 259

Multiple Choice

In which type of industry would a marketing director be MOST LIKELY to say,"We have to let the customer know that our product is the only one that comes with its own tracking device?"

• A)pure monopoly
• B)oligopoly
• C)pure competition
• D)monopolistic oligopoly
• E)monopolistic competition

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Definitions:

Lie Detector Test

A psychological examination that measures physiological responses to determine the truthfulness of an individual's statements, commonly known as a polygraph test.

State Insurance Fund

A government-established fund designed to provide insurance, such as workers' compensation, to employers within the state, often serving as insurer of last resort.

Workers' Compensation Statute

Legislation that provides financial and medical benefits to employees who are injured or become ill as a direct result of their job.

Featherbedding

The practice by labor unions of demanding excessive levels of staffing, beyond what is required for a task, to create or protect jobs.