Firms with Few Competitive Resources Than the Acting Firm Are

question 44

Multiple Choice

Firms with few competitive resources than the acting firm are more likely to:

• A) not respond to competitive actions.
• B) respond quickly to competitive actions.
• C) delay responding to competitive actions.
• D) respond to strategic actions, but not to tactical actions.

---

Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.

Positive Economics

The branch of economics that focuses on factual and cause-and-effect relationships, avoiding value judgments about what ought to be.

Prescriptions

Authorized orders for medication given by a licensed healthcare professional, allowing a patient to be provided medicine.

Factor Of Production

Resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and sometimes entrepreneurship.