COMPETITION/MARKET STRUCTURE & MARKETING

Question 1

Businesses that purchase large amounts of goods from manufactures and sell to a retailer

Accepted Answer

wholesaler

Question 2

Cable TV is an example of ____ monopoly

Accepted Answer

natural

Question 3

Market structure where many firms exist and no one firm has control of pricing

Accepted Answer

perfect competition

Question 4

Market structure that has a few suppliers

Accepted Answer

oligoply

Question 5

An example of anti-trust legislation

Accepted Answer

clayton act

Question 6

All of the activities needed to move goods and services from product to the consumer

Accepted Answer

marketing

Question 7

Laws passed by governments to prevent monopolies

Accepted Answer

anti-trust laws

Question 8

The extent to which competition prevails in a market

Accepted Answer

market structure

Question 9

Non price competition is a big item for both

Accepted Answer

oligopoly and monopolistic competition

Question 10

The routes by which goods move from producer to consumer

Accepted Answer

channels of distribution

Question 11

An arrangement with businesses, in different countries, ,to reduce competition

Accepted Answer

cartel

Question 12

The use of advertising to inform customers about a product

Accepted Answer

promotion

Question 13

Businesses that sell directly to the consumer

Accepted Answer

retailer

Question 14

Reduction of government legislation to reduce costs

Accepted Answer

deregulation

Question 15

The exclusive right of an inventor

Accepted Answer

patent

Question 16

Market structure where there is one supplier that controls the market

Accepted Answer

monopoly

Question 17

Gathering, recording and analyzing data about goods and services

Accepted Answer

market research

Question 18

Direct marketing is done through

Accepted Answer

catalogs and the internet

Question 19

The amount of satisfaction a person receives from a product

Accepted Answer

utility

Question 20

If one company purchases more than 52% of stock

Accepted Answer

merger

Question 21

Obstacles to competition that prevent others from entering

Accepted Answer

barriers to entry

Question 22

Gillette razor blades would be an example of ______ monopoly.

Accepted Answer

technological

Questions 22