Question

QUESTION 5 During the phase of the history of U.S. government regulation called industry deregulation, government sought to a protect competitors by creating new federal agencies to police industry activities b. prevent chain stores from competing unethically with smaller local operators. c. prevent concentration of Industrial power in the hands of a few. d. Increase competition in industries such as telecommunications, utilities, and transportation. e police the Internet and online services. QUESTION 6 During periods of recession, it is still possible to compete by a reducing promotional outlays to save money. b. raising prices to improve company and product images Bc. curtailing customer service because people will accept such cuts. d. offering value-priced products to appeal to cost-conscious buyers. e introducing a line of marginal products to attract non-customers

Answer 1

Ans Q.5>	d. Increase competition in industries such as telecomunications, utilities, and transportation.
	Deregulation is the reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Over the years the struggle between proponents of regulation and proponents of no government intervention have shifted market conditions.
Ans Q.6 >	a. reducing promotional outlays to save money.
	As firms impacted by the recession spend less money on advertising and marketing, big advertising agencies that bill millions of dollars per year will feel the squeeze. In turn, the decline in advertising expenditures will whittle away at the bottom lines of giant media companies in every division, be it print, broadcast, or online. As the effects of a recession ripple through the economy, consumer confidence declines, perpetuating the recession as consumer spending drops.