Value-Mart has achieved the status of overall low-cost producer in its industry, which means that Value-Mart ________
A) can strongly defend its market position in the event of a price war
B) will earn the largest profits of any company in the industry
C) makes the most appealing product in its industry
D) can block the entry of new firms into the industry
A
Business
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Which of the following statements is true of state court systems?
A) A court of last resort is often the only appellate court in a state. B) The small claims court is a court of general jurisdiction in most states. C) Intermediate courts of appeal deal only with cases falling under general jurisdiction. D) Each state has only one trial court of general jurisdiction.
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An estate client owns common stock. That client is a:
A) shareholder. B) partner. C) general partner. D) limited partner.
Business