Two persons with equal average propensities to consume will not necessarily have equal standards of living because of differences in income

Match the formal group type on the left with the correct definition on the right.

a)Cross-functional teams: b) Cross-cultural teams: -Composed of members from different departments -Composed of members from different cultures or countries

Among the purposes of defensive strategies are to:

a. aggressively retaliate against rivals pursuing offensive strategies and prevent price wars. b. restrict a competitive attack by a challenger, weaken the impact of any attack that occurs, and influence challengers to aim their offensive efforts at other rivals. c. guard against adverse changes in the company's macro-environment and insulate the company from the impact of industry-driving forces. d. strengthen a company's competitive advantage and reduce its exposure to business risk. e. eliminate a company's resource weaknesses and competitive deficiencies, thereby making it invulnerable to competitive attack from would-be challengers.