Which of the following is true of antitrust laws?
A) Antitrust laws are fixed and unchangeable.
B) Each new administration adopts a different policy for enforcing antitrust laws.
C) Federal antitrust laws provide for government lawsuits and exclude private lawsuits from their purview.
D) Treble damages cannot be sought in antitrust lawsuits.
B
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Which of the following is not a good way to conclude your sales letter?
A) Offering a discount. B) Including a statement such as "We hope to hear from you soon." C) Supplying a self-addressed, stamped envelope. D) None of the above.
Competitive advantage is the ability of a company to ________
A) identify changes in consumer tastes and preferences B) outperform another company because its managers are able to create more value from the resources at their disposal C) develop a flexible organization structure that can quickly respond to changes in the environment D) achieve economies of scale by manufacturing a product in large volumes