Author Question: To stay one step ahead of the forces of competition, a firm can adopt one of these strategies except ... (Read 75 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
To stay one step ahead of the forces of competition, a firm can adopt one of these strategies except
 a. Cost reduction
  b. Product differentiation
  c. Advertising
  d. Reduction in the intensity of competition

Question 2

The law of diminishing marginal returns:
 a. states that each and every increase in the amount of the variable factor employed in the production process will yield diminishing marginal returns
  b. is a mathematical theorem that can be logically proved or disproved
  c. is the rate at which one input may be substituted for another input in the production process
  d. none of the above



aliotak

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

c

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

For a complete list of videos, visit our video library