Which of the following statements is true?
A) Consumers will buy a product only if it meets a need not met by competing products.
B) Consumers will buy a product only if its price is below that of its competitors.
C) Sheer chance often plays a significant role in the success or failure of a business.
D) Input prices are one of the success factors that firms can control.
C
Economics
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The text takes the perspective that international politics today is defined by both
a. globalization and antiglobalization. b. continuity and change. c. poverty and prosperity. d. power and peace.
Economics
In practice, it is difficult to integrate the concept of vertical equity into the tax code although it is widely agreed that high-income individuals should pay more
a. True b. False
Economics