How Has the Global Economy Changed the Competitive Environment

question 40

Multiple Choice

How has the global economy changed the competitive environment?

• A) Suppliers are not required to reach a wide range of customers.
• B) Customers now have less access to information about substitutes.
• C) It has intensified rivalry by increasing product and vendor choices.
• D) It has made it easier for new market entrants in all fields to penetrate the market.

---

Definitions:

Naming

Naming refers to the act of assigning a name to someone or something, which can be a critical function in taxonomy and nomenclature in various sciences.

Cell Lysis

The process of breaking down the cell membrane, leading to the destruction of the cell often due to viral, enzymatic, or osmotic mechanisms.

Phage Release

The process by which bacteriophages (viruses that infect bacteria) exit the host cell after replicating, often resulting in the cell's lysis.

Penetration

The action or process of making a way through or into something.