EXPLAIN ALL ASAP IN FULL DETAIL.

110. Patents are granted in order to encourage

firms to invest in the research and development of

new products. Patents are an example of

a. Vertical integration.

b. Market concentration.

c. Entry barriers.

d. Collusion.

111. The market for product RK-25 is perfectly

competitive. The current market price is P30, and

the quantity demanded is 4 million. Due to

changes in consumer tastes, a permanent

increase in demand for RK-25 is expected in the

near term. If nothing else changes in this market,

which of the following would be the most feasible

levels of short term and long term

prices?UFSNQSJDFT

Short-term Long-term

a. P39 P35

b. P35 P39

c. P35 P30

d. P30 P35

112. The ultimate purpose of competitor analysis

is to

a. Identify the competition.

b. Determine the competition's strength and

weaknesses.

c. Identify the competition's major customers.

d. Understand and predict the behavior of the

competition.

113. Which of the following is not an important

aspect of supply chain management?

a. Information technology.

b. Accurate forecasts.

c. Customer relations.

d. Communications.

114. Which of the following types of organizations

would

mostlikely engage in public relations type

advertising?

a. An airline.

b. A hotel chain.

c. A toy manufacturer.

d. An electric utility company.

115. Target marketing analysis involves

a. Analyzing the firm's input markets.

b. Understanding and segmenting the firm's

customer markets.

c. Analyzing the firm's market structure.

d. Deciding on whether to offer a new product

line.

116. If a firm's customers are businesses, market

segmentation might be performed along all of the

following dimensions,except

a. Industry.

b. Location.

c. Lifestyle.

d. Size.

Items 117 and 118 are based on the following

information:

Yeager Corporation has used regression analysis

to perform price elasticity analysis. In doing so

management regressed the quantity demanded (y

variable) against price (x

variable) with the following results:

Multiple R .86798

Adjusted R squared .72458

Standard error 542.33

Intercept 56400.50

Price coefficient -4598.20

117. What percentage of the variation in quantity

demanded is explained by the price?

a. 86.798%

b. 72.458%

c. 56.4%

d. 54.233%

118. Calculate the predicted quantity demanded if

price is set at P7.00.

a. 24,213

b. 88,588

c. 31,234

d. 18,454

119. Which of the following is not one of the five

forces in Porters model for industry analysis?

a. Competitors.

b. Bargaining power of customers.

c. Bargaining power of suppliers.

d. General economic conditions.

120. Which of the following is a defining

characteristic of supply chain management?

a. Focuses on the sharing of information with

suppliers and customers.

b. Focuses on redesigning processes.

c. Focuses on improving quality.

d. Focuses on strategic alliances.