Vocab sec2

The internet has led to a(n) _____ in current consumers’ shopping habits.

• transformation

• disorder

• alignment

• modification

The transfer of ownership, property or business, __________ is termed privatization.

• from the private sector to the government

• from the government to the private sector

• from the government to the government

• from the private sector to the public sector

The price factor has caused Amazon to lose some of its _____ as it doesn't provide the majority of its services for free.

• adverse publicity

• market power

• economic security

• rival company

If they want to increase _____ from the factory, they'll have to modernize their machinery and equipment in the production line.

• income

• output

• input

• outcome

A(n) _____ is known as pure monopoly as they have no competitors in the industry.

• essential industry

• infant industry

• one-firm industry

• primary industry

The __________ includes the cultural background of customers, percentage of the population in different income categories, value systems for the different social classes, birth and death rates.

• social/ socio-cultural category

• technological category

• economic category

• political category

Senior management enjoys certain _____, such as company cars and health insurance.

• privileges

• priorities

• preferences

• privities

The company _____ him for his years of service with a grand farewell party and several presents.

• rewarded

• supplied

• presented

• offered

If pricing is how much you charge for your products, then price _____ is how you determine what that amount should be.

• plan

• strategy

• tag

• list

Each industry has its own specific set of _____ that startups must deal with.

• barriers to trade

• exit barriers

• barrier reefs

• entry barriers