Case 11-2 The State of Florida, Like Many Other States Is Facing

question 79

Multiple Choice

Case 11-2
The state of Florida, like many other states is facing extreme financial problems. The legislature was called into an emergency session to pass a budget. One of the major areas of discussion is the state prison system. After hours of debate and discussion, the lawmakers are not reaching a consensus on how to cut the corrections budget.
-The lawmakers in favor of privatization make the argument that the federal government is utilizing private prisons and that the number of federal inmates in private prisons more than doubled between 2000 and 2010. The current emphasis on imprisoning violators of _______law seems likely to ensure that this trend will continue.

• A) bankruptcy
• B) rug
• C) immigration
• D) terrorism

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Definitions:

Competitive Rivalry

The intensity of competition among firms in the same industry or market.

Product-Market Evolution

The process through which products and markets go through stages of introduction, growth, maturity, and decline.

Broad Search

An extensive or wide-ranging examination or inquiry, often used in the context of searching for information across various sources or platforms.

Coolhunting

The process of identifying and analyzing new trends, styles, and cultural shifts, often used in marketing and product development to stay ahead of consumer tastes.