Because the size of the market increases when trade barriers fall, companies can increase their production, which will result in lower costs per unit. This phenomenon is known as ________

A) trade creation
B) economies of scale
C) diseconomies of scale
D) increased competition

B

Business

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Various governments force companies to charge the ________ price, which is charged by other competitors for the same or a similar product

A) gray market B) implicit C) arm's-length D) authorized E) contingent

Business

Which statement is true about using factor analysis to create spatial maps?

A) By factor analyzing the data obtained using attribute-based approaches, one could derive, for each respondent, n factor scores for each factor, one for each brand. B) The dimensions would be labeled by examining the eigenvalues. C) Discriminant weights can be used to label the dimensions. D) Both A and B are correct.

Business