Which of the following statements is incorrect with regard to the importance of colonies for mercantilist nations?
A) They served as sources of inexpensive raw materials.
B) They served as markets for higher-priced finished goods.
C) They served as a source of military protection.
D) They served as a source of profits for mercantilist powers.
C
Business
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All of the following would be considered alternative media, except:
A) local and state government facilities B) billboards C) escalators D) shopping bags
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Which of the following is the best response a company can make to competitive threats?
A) continuous innovation B) surrender to the competitor C) exit from the market D) divestment E) globalization
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