Which of the Following Is the Best Example of a Business

question 88

Multiple Choice

Which of the following is the best example of a business firm operating in a competitive price-taker market?

• A) a Midwest farmer producing beef cattle
• B) a Laundromat located a few blocks from a major university
• C) a pizza parlor located in a major metropolitan area
• D) a small brewery supplying a local brand of beer
• E) Wal-Mart, a large retailer that competes in many markets

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Definitions:

Person Analysis

Determination of the specific individuals who need training

Competencies

The combination of observable and measurable knowledge, skills, abilities, and personal attributes that contribute to enhanced employee performance and ultimately result in organizational success.