In business, the four basic forms of competition are
A. pure competition, cross-market competition, oligopoly, and pure monopoly.
B. technological competition, market competition, governmental competition, and environmental competition.
C. pure competition, monopolistic competition, oligopoly, and pure monopoly.
D. pure competition, limited competition, oligopoly, and monopoly.
E. dictatorship, monarchy, oligarchy, and democracy.
Answer: C
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The group of people who make a business-to-business purchasing decision on behalf of a company is called the:
A) decision-makers B) marketing team C) institutional buyers D) buying center
A company should try to retain a customer only as long as the cost to discourage defection is lower than the lost profit
Indicate whether the statement is true or false
The fair use doctrine for copyrights does not allow reproduction of a work in a legislative or judicial proceeding
Indicate whether the statement is true or false
"Early retirement age" in a private pension plan is
A) set at age 62 by federal statute. B) set at age 59 by federal statute. C) the earliest age at which you can retire with reduced pension benefits. D) the earliest age at which unreduced pension benefits are first available.