Which term describes the ability of a firm/industry, under free and fair market conditions, to design, produce, and market goods and services that are better and/or cheaper than those of other firms/industries?
a. competitiveness
b. protectionism
c. comparative advantage
d. absolute advantage
a. competitiveness
Business
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________ is the extent to which a scale produces consistent results if repeated measurements are made on the characteristic
A) Validity B) Generalizability C) Reliability D) None of the above
Business
Ownership of real property for a definite time or for the life of a person is a freehold estate
a. True b. False Indicate whether the statement is true or false
Business
In the term linear programming, the word programming comes from the phrase "computer programming."
Indicate whether the statement is true or false
Business
Answer the following statement(s) true (T) or false (F)
A firm’s pricing structure dictates almost no knowledge to customers.
Business