Refer to the Accompanying Table to Answer the Questions That

question 39

Multiple Choice

Refer to the accompanying table to answer the questions that follow.

-Assume that chips cost $1 and soda costs $2.Which of the following combinations of chips and soda satisfies the rule ?

• A)2 chips and 4 sodas
• B)6 chips and 5 sodas
• C)5 chips and 4 sodas
• D)5 chips and 1 soda
• E)6 chips and 7 sodas

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Definitions:

Environmental Scanning

is a process that systematically surveys and interprets relevant data to identify external opportunities and threats that could influence future decisions and strategies.

Direct Competition

Companies or products that offer the same or very similar goods or services to the same customer or market base.

Economic Force

An element that influences the direction of an economy, potentially affecting business operations and profitability.

Direct Competition

Occurs when businesses offer products or services that are exactly or very similar to each other, serving the same customers in the same market.