BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Component parts
|
|
|
Supplies
|
|
|
Capital equipment
|
|
|
Raw materials
|
Detailed explanation-1: -Advertising increased dramatically in the United States after 1870 as industrialization expanded the supply of manufactured products to a very large market. In order to profit from this higher rate of production, industry needed to recruit workers as consumers of factory products.
Detailed explanation-2: -Derived demand means that an increase or decrease in the price of the product will significantly affect demand for the product. False; elastic demand. Fluctuating demand is the demand for two or more items used together in a final product.
Detailed explanation-3: -The antitrust doctrine that the existence of monopoly alone is illegal, regardless of whether or not the monopoly engages in illegal business practices.