1 mcdonalds and its major competitors compete baseda only, Ask an Expert

Economics

1. McDonald's and its major competitors compete based:

a. only on the price.

b. only on the basis of product characteristics.

c. on both the price and product characteristics.

d. none of the above because the fast-food industry is perfectly competitive.

2. In terms of location decisions, firms evaluate the extent to which the labor force is unionized.

True

False

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91695782

Have any Question?Write your Review or question?

Related Questions in Business Economics

How can local the local government help prepare employees

How can local the local government help prepare employees for higher level positions in the organization.

In your opinion if the government imposes unit sales tax ie

In your opinion, if the government imposes unit sales tax (i.e. $ tax per unit sold) on a product, will the market equilibrium change? Which one, demand or supply will shift? Increase or decrease? Will new tax cause "dis ...

Explain how financial leverage at investment banks differed

Explain how financial leverage at investment banks differed from financial leverage at more traditional commercial banks. What is the benefits of this leverage? What are the primary risks associated with financial levera ...

Carefully explain how the price elasticity of demand affect

Carefully explain how the price elasticity of demand affect the revenue or profit of an organization?

The demand for salt is relatively price inelastic while the

The demand for salt is relatively price inelastic, while the demand for pretzels is relatively price elastic. How can you best explain why and elaborate your answer.

Manny moe and jack have the following demand curves for

Manny, Moe and Jack have the following demand curves for pears: QManny = 100 - 2P = 70 - 2P + 10 Ppear + .25 YManny where P Pear = 2 and YManny = 40. QMoe = 300 - 4P = 80 - 4P + 35 Ppear + .75 YMoe where P Pear = 2 and Y ...

You are given the sample mean and the population standard

You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...

For the following two questions please determine the

For the following two questions, please, determine the correct hypothesis test, state the null and research hypotheses in words and in symbols, then conduct the hypothesis test, and report the results in writing. 1. A re ...

A production system has two spares of a critical component

A production system has two spares of a critical component that have average uptime 1/lamba = 1 month. Find the probability that the 3 components (the operating one and the two spares) will last more than 6 months. Assum ...

You have a part-time job at the library that pays 10 per

You have a part-time job at the library that pays $10 per hour, 4 hours per day on Saturdays and Sundays. Some friends want you to join them on a weekend ski trip leaving Friday night and returning Monday morning. They e ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert