In the Macroenvironment There Are Several Structures of Industries

question 127

Multiple Choice

In the macroenvironment there are several structures of industries.In a(n) structure,there are many small sellers,each having similar products,and are unable to have an impact on the quality,price,or supply of a product.

• A)oligopoly
• B)monopoly
• C)natural competition
• D)perfect competition
• E)monopolistic competition

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of countries.

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The process of determining right or wrong in a given situation based on ethical principles.

Piaget

Swiss psychologist known for his pioneering work in child development and cognitive theory, emphasizing how children acquire knowledge and understanding.