Match Each Item with a Statement Below

question 20

Multiple Choice

Match each item with a statement below:

-Characterized by a large number of small firms that have similar but not identical products

• A)oligopoly
• B)perfect competition
• C)low-cost leadership
• D)economies of scale
• E)external environment
• F)strategic group
• G)monopolistic competition
• H)market niche
• I)monopolies
• J)value chain

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Definitions:

Ucc

The Uniform Commercial Code (UCC) is a set of laws that provide legal rules and regulations governing commercial or business dealings and transactions.

Negotiable Instruments

Financial documents that promise to pay the bearer or named party a specific sum of money, either on demand or at a set time.

Investment Securities

Financial instruments such as stocks, bonds, and mutual funds that are purchased with the expectation of earning a return.

Sales Of Goods

Transactions or agreements involving the exchange of tangible, movable items between parties for money or other consideration.