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A market situation where there is only one supplier is called:
The correct answer is, of course, 'monopoly'.
On a diagram of the Product Life Cycle, the x-axis shows:
The x-axis shows time. For some products, it may represent a year; for others, a century.
The other answers given could all be shown on the y-axis of the PLC, depending on circumstances.
Thinking of the STEEPLED factors which may impact long-term on an organisation, under which one heading would the following appear: growth trends, unemployment patterns, incomes, interest rates exchange rates and tax rates?
The correct answer, covering all of these, is 'economic'.
'Political' could also be considered, but 'economic' covers them all.
The other two answers suggested are not really relevant.
Which of the following would often be subject to health and safety legislation?
All answers are correct. Each of these areas can create safety hazards for people in the workplace, and so in many countries government legislation has been passed to make these topics subject to regulation.
For example, within the UK, it is mandatory for employers to provide compulsory training for em-ployees who may be involved in lifting heavy items, and there are limits placed on the weight which can be handled by any one person. In many cases, mechanised lifting equipment is used to aid or replace humans.
Which of the following are ways of classifying organisations? (select all that apply)
All of these are ways of classifying organisations.
Examples: Retailers, SMEs, limited companies, etc
