Intensity of Competition ________ in Lower-Return Industries

question 18

Multiple Choice

Intensity of competition ________ in lower-return industries.

• A) is lowest
• B) is nonexistent
• C) is highest
• D) is not important
• E) fluctuates

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Definitions:

Factory System

An organizational method for manufacturing that involves workers and machinery in one location to produce goods on a large scale.

Guaranteed Profit

A commitment or assurance, often not feasible, that an investment will yield a positive return.

Reduced Competition

A market condition where there are fewer rivals competing for customers, often leading to increased prices and reduced innovation.