Which of the following is not a key assumption of

81. Which of the following is not a key assumption of perfect competition?
a. Firms sell a homogeneous product
b. Customers are indifferent about which firm they buy from
c. The level of a firm’s output is small relative to the industry’s total output
d. Each firm can price its product above the industry price

MAS 9310-Econ
ECONOMICS
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82. The ultimate purpose of competitor analysis is to
83. Which of the following is not an important aspect of supply chain management? 84. Which of the following types of organizations would more likely engage in public relations type
advertising?
85. Target marketing analysis involves
a. Analyzing the firm’s input markets
b. Understanding and segmenting the firm’s customer markets
c. Analyzing the firm’s market structure
d. Deciding on whether to offer a new product line
86. If a firm’s customers are businesses, market segmentation might be performed along all of the
following dimensions, except
Size
87. Which of the following is a defining characteristic of supply chain management? 88. Which of the following is not a likely strategy for a firm in a purely competitive market? 89. What is the purpose of a response profile in competitor analysis?
a. To develop an understanding of the firm’s industry
b. To analyze the firm’s strengths in relation to its competitors
c. To identify possible actions by competitors
d. To understand the nature of the firm’s major markets