For a toy manufacturer, which of the following is an example of an uncontrollable factor?Group of answer choicesSelect raw material suppliersDevelop company policiesSet competitive pricesEconomic downturn

Which of the following is an example of a situational factor?Group of answer choicesThe consumer's income levelThe consumer's cultural backgroundThe time of day the purchase is madeThe consumer's personality traits

example of internal, unstable and controllable factor?

A specific unit or dollar limit applied to a particular type of good.*Uncontrollable factorsControllable factorsQuotaTariffs

In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to produce quality products are provided.Group of answer choicesprivate enterpriseScratchcommunist economic systemScratchmixed economyScratchsocialisticScratchcapitalisticScratch

Powerful suppliers capture more value by charging higher prices, limiting quality or services, or shifting cost to industry participants. Which of the following supplier-related factor will impose constraints on the profitability of the industry participants?Group of answer choicessuppliers depend heavily on the industrysuppliers are less concentrated than industry participantscredible threat of forward integrationmany substitutes being available for supplier products