A __________ is a brand created and owned by a reseller of a product of service ?
A. licensed brand
B. manufacturer’s brand private brand
C. private brand
D. co-brand
A. licensed brand
B. manufacturer’s brand private brand
C. private brand
D. co-brand
A. The value of all coins and currency in circulation at any time
B. Anything that is generally accepted as a medium of exchange
C. The same as income
D. All of the above
A. Infrastructure
B. Basic structure
C. Fundamentals
D. Basic infrastructure
A. average fixed cost
B. average total cost
C. average variable cost
D. marginal cost
A. inadequate government bureaucracy
B. small size of infrastructure
C. too few innovative entrepreneurs
D. unsuitable technology
E. All of the above are correct
A. Enable abnormal profits to be made in the long run
B. Enable losses to be made in the long run
C. Enable abnormal profits to be made in the short run only
D. Occur in perfect competition
A. simplicity
B. structure
C. organization
D. flexibility