In response to changing inventories in Figure 9.8, if the economy produces at full employment of $400 billion, firms will attempt to

To develop a competitive advantage and increase their firm's profitability, managers need to understand what affects their revenues, costs, and their ability to set prices

Indicate whether the statement is true or false

One reason financial systems in developing and transition countries are underdeveloped is

A) they have weak links to their governments. B) they make loans only to nonprofit entities. C) the legal system may be poor making it difficult to enforce restrictive covenants. D) the accounting standards are too stringent for the banks to meet.