The competitive environment of a business encompasses the number of competitors the firm must face, the relative size of these competitors, regulatory agencies, and the degree of interdependence within the industry.
Answer the following statement true (T) or false (F)
False
Regulatory agencies are political and legal factors.
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Bicycle store 2Wheels notices that it has a high proportion of low-profit customers, but the store doesn't want to terminate the customer relationship. What can 2Wheels do to make these customers more profitable?
What will be an ideal response?
A consumer's behavior standards or beliefs, which can impact the decision-making process, are referred to as the consumer's ________.
Fill in the blank(s) with the appropriate word(s).
?Which of the following pairs of risks have both the components referring to the same kind of risk?
A. ?Market risk and unsystematic risk B. ?Market risk and relevant risk C. ?Firm-specific risk and nondiversifiable risk D. ?Firm-specific risk and systematic risk E. ?Firm-specific risk and market risk
Revia and Bramin are European nations that signed a trade agreement with each other. The agreement stated that Revia would supply sugarcane to Bramin and Bramin would supply cloves to Revia. The agreement would benefit both nations and would even out some of the resource imbalances in the two nations. In this scenario, which of the following is most likely to have influenced the trade agreement between Revia and Bramin?
A. Reduced risk B. Ease of storage of goods C. Access to factors of production D. Inflow of innovation