Relative to other market structures, perfectly competitive markets have which of the following properties? correct answer(s)
a. entering and exiting the market are relatively easy.
b. firms produce similar or standardized products.
c. firms are price takers, or they have no control over price.
d. firms have significant price control.
e. firms are very large relative to the market.
f. firms produce differentiated products.

Why should managers invest any excess cash

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer