Free Exam: 2011 (Ch 3&4 MC)
Number of Questions in Test: 20
Number of Questions in Preview: 5
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Canada is a "free market economy." This allows Canadians who wish to start a business to
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 2
This type of competition features similar products in the same product category.
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 3
Coke and Pepsi operate in an industry that is best characterized as a
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 4
A new coffee shop opens and advertises the "lowest prices in town." This is an example of
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |
Question 5
When a service business has the competitive advantage of offering the consumer greater ease and comfort, the advantage is called
| Type: | Multiple choice |
| Points: | 1 |
| Randomize answers: | Yes |