Problem Solving Assessments for Chapter 18:
Big Business in the Late 1800s

 

In this chapter, a number of questions are presented after brief sections of text. Following is a pdf for the questions as well as the answers. Click on either one to have it printed.

Ch. 18 Questions     Ch. 18 Answers



Your Name:


  1. If you were a manager of a CD manufacturing company and wanted your business to be successful, you would need to get a competitive advantage with other companies that manufacture CDs. What ways can you think of to get a competitive advantage?


  2. Vertical integration is a condition that a company is able to control everything needed to make a product such as natural resources, transportation, tools, and equipment. Find some other examples of vertical integration you can think of.


  3. If there were a lot of competition among the car dealer shops in your town, what would be likely to happen to consumers who would buy cars?


  4. On the other hand, if there were a lot of secret cooperation among the car dealerships in your town, what would be likely to happen to consumers who would buy cars?


  5. Among a number of video rental shops in this town, "Number 1 Rental" became dominant in the market. What is your opinion on how this happened?