How Does a Firm Compete

question 49

Multiple Choice

How does a firm compete?

• A) Ask customers what business they would choose if they had not chosen your business
• B) Find the products you would like to duplicate
• C) Deliberately choose with whom you want, and can, compete
• D) Both A & C

---

Definitions:

Real Assets

Physical or tangible assets that have intrinsic value, such as real estate, commodities, and natural resources.

Financial Assets

Assets that derive value from a contractual claim, such as bank deposits, bonds, and stocks.

Goods and Services

refers to the output of an economy that can be physically consumed (goods) or experienced (services), and form the basis for economic transactions.

Nonconforming Mortgage Loans

Mortgage loans that do not meet standard bank criteria, often used for borrowers with poor credit histories or for properties that are unique.