When the Supply and Demand Relationship in a Market Is

question 10

Multiple Choice

When the supply and demand relationship in a market is unbalanced because of excess supply, it is to the advantage of

• A) buyers.
• B) sellers.
• C) sellers of services only.
• D) buyers of services only.

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Definitions:

Competitive Position

A firm's relative standing or rank in its industry based on its ability to compete on aspects like price, quality, and innovation.

Intraorganizational Negotiations

Negotiation processes that occur within an organization, typically involving internal stakeholders, departments, or groups.

Competitive Position

The standing or ranking of a company, product, or service in the marketplace compared to its competitors, based on factors like market share, strengths, and weaknesses.

Job Security

The confidence or probability that a person will maintain their employment without facing unemployment risks.