Match the Term with Its Definition

question 62

Multiple Choice

Match the term with its definition.
-Beliefs that provide a foundation for ethical behavior in a firm

• A)code of ethics
• B)environmentalism
• C)ethical imperialism
• D)ethical relativism
• E)integrity
• F)intellectual property
• G)social responsibilities
• H)skimming
• I)stakeholders
• J)sustainable small business
• K)underlying values

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Definitions:

Market Shares

The segment of the market in which a particular company or product holds dominance.

Competitive Spectrum

The range of competition in a market, varying from monopolies to perfect competition.

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in the market, often to maximize their own profits at the expense of consumers.

Oligopolists

Firms or entities that are part of a market structure where a small number of companies or sellers dominate the supply of a particular product or service.