1 8(A) According to the institutional model, a firm's success depends on gaining legitimacy fromdifferent institutions.(B) Unique resources are those that are valuable, rare, imperfectly imitable, and substitutable.(C) The bargaining power of suppliers in the industry is low when the size of individual buyersiş large and there many of them.Only statement A is correct.Only statement B is correct.Only statement C is correct.More than one of the statements are correct.None of the statements is correct.

The statement mentioned regarding the success of a firm is based on legitimacy gained from different…

Answered: 8. (A) According to the institutional…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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The Gray Ferrari I t all got started when Robert L. Johnson had dinner at Mr. K’s Chinese restaurant with Michael Jordan of the Washington Wizards and David Falk, the leading sports agent. When the discussion turned to cars, Johnson mentioned his interest in getting a Ferrari. Both Falk and Jordan recommended their respective dealers but Johnson found the going tough. Only a select number of Ferraris are made annually, and the automaker limits how many are sold through U.S. dealers to about 1,000 units. In practice, anyone placing an order would have to wait over two years for delivery for a car that would cost $200,000 to $300,000 depending on the model. A New Jersey dealer had a Ferrari available, but, at $300,000, Johnson felt the price was too high. Michael Jordan’s dealer had a 360 Modena available for $160,000. Although he bought it, it was not exactly what he had wanted because the Modena is not a convertible. Franco Nuschese, the owner of Georgetown’s…
19. If markets are semi-strong form efficient this implies that: a. you cannot expect to make abnormal returns by trading on private information b. you can reasonably expect to make abnormal returns by basing trading decisions on an analysis of quarterly sales announcements made by the firm c. you can expect to make abnormal returns by basing trading decisions on the history of past prices d. you cannot expect to make abnormal returns by basing trading decisions on an analysis of accounting information in firms' annual reports e. semi-strong form market efficiency implies all of the above
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Prompt 1: In Chapter 14 Thaler describes a survey question which posits that a hardware store raises the price on snow shovels from $5 to $20 the day after a massive snow storm and asks the respondent whether this was fair. What type of shift would cause a price change like this in supply and demand? Did you think this was fair before this class? What about now?
14) What is a market failure? a) Uncertain and unstable movements in the price of a stock. b) A transaction that cannot be completed in the market environment. c) A product is sold below the market value d) A sudden and dramatic decline in the prices of the stock market.
Which of the following statements are correct? 1) Market failures happen because market prices do not always take into account of the full effect of an individual's actions on others. 2) The existence of an externality always leads to overprovision of goods. 3) Market failures can always be solved by private bargaining. 4) Property rights may not always be enforceable.
In business markets, close buyer-seller relationships Multiple Choice may improve the profits of both the buyer and the seller. are almost always desirable from the seller's point of view, but not from the buyer's point of view. may have benefits, but they usually increase a firm's uncertainty and risk. None of the answers is correct.
You have been hired by a regional supermarket chain as the candy andsnack buyer. Your shelves are dominated by national firms such asWrigley’s and Nabisco. The chain imposes a substantial slotting fee toallow new items to be added to their stock selection. Managementreasons that it costs a lot to add and delete items, and besides, theseslotting fees are a good source of revenue. A small, minority-operated,local firm produces several potentially interesting snack crackers and aline of gummy candy, all with natural ingredients, added vitamins,reduced sugar, and a competitive price—and they also happen to tastegreat. You’d love to give the firm a chance, but its managers claim theslotting fee is too high. Should your firm charge slotting fees? Areslotting fees fair to the relevant shareholders—customers, stockholders,vendors?
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A lender is permitted to accept the employment information provided by the borrower on the initial loan application without asking for a letter of explanation in which of the following circumstances? A) The borrower lacks a history in an industry that requires specific skills. B) The borrower has been employed by the same company for three years. C) A recent college graduate holds a high-level position in the organization. D) The residence is more than 120 miles from the work location on a refinance.

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