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Budgets provide a mechanism for defining which of the following for individual managers? I. Decision rights
II. Behaviors
III. Forecasts
Dominant Firms
Companies that hold a large market share within their industry, influencing market conditions and prices.
Entry Barriers
Obstacles that prevent or hinder potential competitors from entering a market or industry.
Substantial Entry
A significant entry of new firms into a market, often leading to increased competition and affecting market dynamics.
Flexible Prices
Product prices that freely move upward or downward when product demand or supply changes.
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