Susan Gilles wants to invest in a Tim Horton's franchise but opts not to once she finds out just how much it costs to buy a franchise. She decides to start her own independent coffee shop. She understands the need to differentiate her business from all the other coffee shops, given the type of competition that exists in this industry, which is,
A. an oligopoly.
B. perfect competition.
C. monopolistic competition.
D. a monopoly.
Ans: C. monopolistic competition.
Business
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Ratios are most useful in identifying
a. causes. b. differences. c. relationships. d. trends.
Business
The interest rate that discounts a series of future cash flows to its present value is called the
a. internal rate of return. b. external rate of return. c. creditors rate of return. d. prime lending rate published in The Wall Street Journal. e. federal funds rate.
Business