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Exam (elaborations)

BA 370 final Questions and Answers (100% Pass)

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  • Course
  • BA 370
  • Institution
  • BA 370

Monopoly one firm provides the product or service in a particular industry, which results in less price competition A useful technique that enables managers to examine the relationships among cost, price, revenue, and profit over different levels of production and sales is called ______...

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  • October 22, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BA 370
  • BA 370
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1|Page | © copyright 2024/2025 | Grade A+




BA 370 final Questions and Answers
(100% Pass)
Monopoly


✓ one firm provides the product or service in a particular industry, which

results in

✓ less price competition




A useful technique that enables managers to examine the relationships

among cost, price, revenue, and profit over different levels of production and

sales is called ________.


✓ break-even analysis




The percentage change in the quantity of one product demanded compared

with the percent change in price in another product is __________.


✓ cross-price elasticity




When consumers perceive that different companies sell products that are

substitutable, it is known as _______.


✓ pure competition




Master01 | October, 2024/2025 | Latest update

, 1|Page | © copyright 2024/2025 | Grade A+

The oil industry, with a limited number of providers, is an example of an

_______.


✓ oligopoly




____________ occurs when there are many firms competing for customers in a

given market but their products are differentiated.


✓ Monopolistic competition




Primary labor and materials are better known as:


✓ variable costs




A fee paid to a retailer to place a new product on store shelves is known as a

________.


✓ slotting allowance




A _______ (aka regular price/original price) is the benchmark price against

which buyers compare the actual selling price of the product.


✓ reference price




A _________ quantity discount is based on how much the customer buys in a

single order.

Master01 | October, 2024/2025 | Latest update

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