Whether a Business Is Successful and Thrives Is Determined by

question 40

Multiple Choice

Whether a business is successful and thrives is determined by

• A)free enterprise or competition.
• B)competition and markets only.
• C)markets and competition only.
• D)markets, competition and free enterprise.

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Functionalist Theory

A viewpoint in sociology that sees society as a complicated system in which its components cooperate to foster unity and steadiness.

Age Differentiation

The categorization or division of individuals into groups based on their age, affecting their roles, responsibilities, and social perceptions within society.

Common Good

The benefit or interests of all members of a community or society, considered as a guiding principle in public and social policy.