The reason monopolies, like governments, are inefficient is because there are no incentives for bureaucrats to be innovative or creative. In a free market, where there is competition, there is an incentive for business owners to be creative as they compete against other businesses.

Which is not a form of compensation?

Which of the following is an example of a Private Brand:

Stores hold Clearance Sales when they want to publicize the opening of a new store.

E-Commerce is a type of direct Channel of Distribution. In marketing, a Channel of Distribution is the path that a product takes from the manufacturer to the consumer.

Marketing boards in Canada (dairy quota, chicken and maple syrup in Quebec) are a great example of __________ because they limit competition.

Saving for emergencies doesn’t make sense because those expenditures are so unpredictable.

One way to measure the success of a business is to determine if their employee retention is at a high level.

If you were to launch and lead a business selling luxury goods is it more likely you would have a high sales volume, high priced product business or a high price, low sales volume product?

Because manufacturing businesses make products and have lots of physical inventory, their accounting needs are usually more complex than those of a service businesses.