The Competitive Environment of a Business Encompasses the Number of Competitors

question 119

True/False

The competitive environment of a business encompasses the number of competitors the firm must face,the relative size of these competitors,regulatory agencies,and the degree of interdependence within the industry.

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Definitions:

Cache Memory

A type of high-speed memory that enables the computer to temporarily store blocks of data that are used more often and that a processor can access more rapidly than main memory (RAM).

Thin Clients

Computing devices that operate in a server-based network without requiring many local resources, relying on the central server for processing activities.

Fat Clients

Computers that offer full functionality without having to connect to a network.

Locally Installed Software

Computer programs that are downloaded and installed directly on a user's computer or server, as opposed to being accessed online.