1. Which of the following is an example of a stakeholder in the construction of a new convenience store?
A. A private home immediately adjacent to a small convenience store.
B. The manager of the small convenience store.
C. The government-run airport in a neighboring county.
D. Both A and B.
2. Fill in the blank. A close substitute product causes a producers' ability to raise prices to __________________.
A. Decrease
B. Have an indeterminate effect
C. Remain the same
D. Increase
3. Which of the following is NOT one of the three hierarchical levels of strategy?
A. Profit
B. Functional
C. Corporate
D. Business unit