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Economics

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Clarissa Nitzsche

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Cards in this guide (19)
What is the main source of revenue for media corporations

Advertising
Advertising

Which of the following best characterizes the corporate culture at Google

Relaxed and non-traditional

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

In economics workers are both producers and which of the following

Consumers

The media industry is dominated by which of the following

Media conglomerates

Advertising is the main source of revenue for which of the following industries

Media

In the game of economics workers play a double role functioning as both consumers and

In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers

Which of the following explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

Which of the following best explains the main purpose of short term planning

To meet fixed expenses and allow for discretionary spending.

What are market structures that are characterized by at least some competition between producers

A. Pure competition D. Monopolistic competition E. Oligopoly

Main force behind the decisions made by producers in a free-market society

the profit motive(:

Which of the following best explains why different people have different levels of risk aversionWhich of the following best explains why different people have different levels of risk aversion

Some people are willing to take more chances than others.

Which of the following identifies the reason why producers try to minimize costs an maximize revenue

the profit motive

How many limited liability partnerships compare with general partnerships

The main difference between limited liability partnership and general partnerships is limited liability.

Partners of an general partnerships are liable for all debts accumulated.

Partners of an limited liability partnership are enjoying limited personal liability protection.

However many people may prefer to incorporate Limited Liability Company instead of an limited liability partnership.

Which statements best describes what purchasing advertising space does for advertisers

Advertising space allows a company to transit product info to its investor

What does not motivate entrepreneurs

security

Which if the following explains how revenue is determined

The total amount of money brought in by sales

The media industry is characterized by an oligopolistc market structure because of which of the following

Centralization of ownership

Which of the following factors influences a consumer when deciding to buy a product

external factors

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