Which of the Following Is Not a Characteristic of Pure

question 175

Multiple Choice

Which of the following is not a characteristic of pure competition?

• A)pricing strategies by firms
• B)a standardized product
• C)no barriers to entry
• D)a larger number of sellers

Identify and describe the components of market segments.

Distinguish between strengths, weaknesses, opportunities, and threats in a SWOT analysis.

Recognize the importance of environmental scanning in identifying opportunities and threats.

Understand the process and significance of comparing a firm’s strengths and weaknesses to its competitors.