In a free market, who has the most control?
A) sellers
B) buyers
C) the government
D) distributors
E) suppliers
Answer: B
Explanation: B) A business earns profits by meeting demand. Consumers' needs, tastes, and desires drive demand.
Business
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A queuing system has an arrival rate of 5 customers per hour and a service rate of 8 customers per hour. What is the utilization factor (?) of the system?
A) 40 B) 1.6 C) 4 D) 5 E) 0.625
Business
The best use of short-term staffing metrics is ________
A) to be leading indicators to assess a company's staffing system B) to evaluate the effectiveness of the staffing system as a whole C) to evaluate how well the staffing process contributes to strategy execution D) to identify balanced scorecard criteria
Business