Instructions: Identify the Following Term(s)

question 37

Short Answer

Instructions: Identify the following term(s).
Hundred Years' War

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Definitions:

Economic Force

An element that influences the direction of an economy, potentially affecting business operations and profitability.

Direct Competition

Occurs when businesses offer products or services that are exactly or very similar to each other, serving the same customers in the same market.

Substitute Competition

The competitive dynamic that occurs between products or services that can serve as replacements for each other.

Consumer Ethnocentrism

A belief by residents of a country that it is inappropriate or immoral to purchase foreign-made goods and services.