In a Certain Market There Are Many Buyers and Many

question 87

Essay

In a certain market there are many buyers and many sellers. It is easy to distinguish the product sold by one firm from the products sold by other firms. Is the market competitive?

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Definitions:

Opportunity

A set of circumstances that makes it possible to achieve something or to advance.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by internal or external desires.

Organizational Learning

The process through which an organization acquires, develops, and transfers knowledge throughout the organization.

Potent Determinant

A powerful factor or force that decisively affects the nature or outcome of something.