A Centralized Strategy Has ________ Expandability

question 97

Multiple Choice

A centralized strategy has ________ expandability.

• A) excellent
• B) good
• C) poor
• D) medium

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Definitions:

Pure Competition

A market structure characterized by a large number of small firms producing identical products, where no single company has pricing power and market entry and exit are relatively easy.

Long-Run Adjustments

Long-run adjustments are changes made by firms or industries in response to shifts in market conditions over a longer period, involving variations in production levels and the entry or exit of firms.

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Downward Sloping

Describes a line on a graph that shows a decrease in one variable as another variable increases, commonly used in economics to illustrate demand curves.