One of the main arguments of Joseph Schumpeter's idea of"creative destruction" is that...O a. the existence of monopolies leads to destruction of theenvironment.O b. Monopoly profits lead to innovation in an effort to sustainthose profits.Oc. Short-run profits created by the existence of monopoliesC.leads to antitrust legislation, which forces thefragmentation of monopolies into competitive industries.o d. Monopolies create profits for themselves at the expenseof the destruction of consumer surplus.Oe. Perfectly competitive industries are characterised bymore productive innovation and productivity growth thanmonopolistic industries, which Schumpeter calleddestructive.

Joseph Schumpeter was a main supporter of the idea of innovation for the marketing companies. He…

Answered: One of the main arguments of Joseph…

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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17) Why would a firm cross-subsidized business B with profits from business A? a) To increase market power b) Business B has potential for further growth and profitability c) A and B are correct d) Neither are correct
Please explain right as well as wrong options (1) when rubberstamp productions, previously a small-time production house, grew in size, the first thing its cheif executive officer (CEO) did was establish a set og guildlines that detailed all priciples, standards, and procedures to be followed in the conpany's line of business. The CEO set specific standards on topics ranging from treatment of coworkers to protection of the environment to maintenance of financial records. this scenario illustrates that the CEO developed a a.) code of ethics b.) cognitive map c.) database of employee records b.) performance appraisal document (2) Rose found strong evidence that her supervisor was stealing confidential documents from the company. she immediately reported her manager's actions to the top management. Rose's action is an example of: a.) whistle-blowing b.) brainstorming c.) property deviance d.) personal aggression
1, Goods on hand are not subject to taxation. True False 2, The construction industry includes everything from highly-skilled professions such as architects, engineers, and real estate attorneys, to unskilled labor. True False 3, States and municipalities receive much of their revenue through what kind of taxes? developmental international sales intrinsic 4. Which retailer was one of several businesses that capitalized on the expansion of railroads after the Civil War ended in 1865 by developing mail-order catalogues and was once known as the “everything store” prior to Amazon? Sears Target Walmart Harrod’s 5. Amazon is a great example of how a business can expand and grow with the use of what? technology merchandise healthcare red tape 6. What is an example of a product where the demand…
When more established, well-defined private property rights are in place, externalities will be Choose one: A. less prevalent. B. more prevalent. C. not dependent on private property rights.
Why might a firm wish to operate in more than one country? b. What are the two documents that limited liability companies must registerwith the government before trading?
Discuss the comment that, business is charged with making a profit within the rules set down by society and go no further. ie a corporate (or any other organisation) should go no further than meeting the mandatory requirement set down by society otherwise it potentially puts itself at a disadvantage.
5. David runs a t-shirt business. He is producing t-shirts with a print of a well known cartoon character on them. He pays the creators of the cartoon a fee of £1 for every t-shirt sold containing an image of the character. What most accurately describes this arrangement? A Franchise B Partnership C Licensing D Joint Venture
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1. The interest of the shareholders, customers, employees and society are not identical, rather they are conflicting. Elaborate
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DiscussWhat are the exemptions and defenses available under the Competition Act?
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