A Business Activity That an Organization Does Particularly Well Relative

question 116

Short Answer

A business activity that an organization does particularly well relative to its competition is known as a(n) _____.

---

Definitions:

Downward Sloping

Characteristic of a graph indicating that as one variable increases, the other variable decreases, common in demand curves.

Demand

The quantity of a particular good or service that consumers are willing and able to purchase at various prices.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Industry Demand

The total demand for the products of a specific industry, encompassing the collective demand of all consumers for these products.