Multiple Choice
The amount of cost cutting technical innovation introduced into a production process is a function of:
A) technology only.
B) technology and consumer acceptance.
C) consumer acceptance only.
D) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: In China,beef is considered a:<br>A)luxury.<br>B)necessity.<br>C)close substitute for
Q22: In 2002 - 2003,some McDonalds' franchise owners
Q23: Changes in the macro environment affect individual
Q24: Changing consumer taste and preferences,lawsuits,and competitive pressures
Q25: In terms of location decisions,firms evaluate the
Q27: To counter parents' concerns about fast foods
Q28: If a good is price elastic,an increase
Q29: When entering the Chinese market,McDonalds had to
Q30: Managers in firms with market power can:<br>A)not
Q31: McDonalds has traditionally been popular among Chinese