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Economics

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Arden Smith

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Cards in this guide (17)
What is the main source of revenue for media corporations

Advertising
Advertising

How did travellers find their way before useful maps

roads and paths

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

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

Which of the following explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

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

A. Pure competition D. Monopolistic competition E. Oligopoly

Unlimited liability means that sole proprietors are completely responsible for all of the

depts

apex.

its spelled (debts)

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.

Google's business model relies on which of the folllowing to generate revenue

The sale of advertisements

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

the profit motive

What do economists use to measure the personal satisfaction someone gets from consuming goods and services

Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.

What is a disadvantage of partnerships compared to sole proprietorship's

You share decision making and profits in a partnership.

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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