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Elon Musk’s decision to form a new automotive manufacturing company is unique because the automotive industry is one that has high start up costs, there are very few sellers in the industry, and the number of firms entering the market is low. Elon’s company Tesla is competing in what type of market?

Since they typically invest more than others, ________________ tend to have higher expectations for a return on their investment.

Cecilia is a restaurant manager and must evaluates her restaurant’s drive-through performance. The drive through should complete orders with 100% accuracy within two minutes. She observes the drive through and sees that orders are 93% accurate and are completed in three minutes. Since performance is below the standards she wants, what should she do next?

What is the name of the government agency that provides many kinds of support for small businesses, including information and funding assistance?

The ___________ encourages global commerce and lower trade barriers, provides a forum for resolving disputes, and enforces international rules of trade.

Which of the following is NOT a way to maintain honesty and integrity in your career?

This international business strategy is generally the most expensive commitment that a firm can make to an overseas market because it normally involves the building of manufacturing plants, and it is typically driven by the economic and business dynamics of the target market.

Home Depot includes product information signs in both English and Spanish in its stores. It is responding to which environmental factor?

An example of an external factor that may impact the company in a positive or negative way is:

Inflation is best described as: