Free Exam: 2011 (Ch 3&4 T/F)
Number of Questions in Test: 21
Number of Questions in Preview: 5
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In a free market, profit is encouraged as a reward for success in the business world
| Type: | True/False |
| Points: | 1 |
Question 2
The Canadian government encourages competition among businesses and, in the process, supports those businesses that want to establish a monopoly
| Type: | True/False |
| Points: | 1 |
Question 3
One advantage of competing on an international scale is that a product's benefit of use in one country will be the same in other countries so the product will not have to be modified.
| Type: | True/False |
| Points: | 1 |
Question 4
Walmart has achieved a sustainable competitive advantage through "economies of scale." it would be very difficult for a competitor to match Walmart's prices.
| Type: | True/False |
| Points: | 1 |
Question 5
Value Village uses Price as a competitive advantage.
| Type: | True/False |
| Points: | 1 |