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Which of the Following Is a Necessary Condition for the Presence

question 147

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Which of the following is a necessary condition for the presence of competition in a market?


Definitions:

Channels of Command

The formal lines of authority and communication in an organization, through which orders and decisions are passed down.

Differentiation

The process of distinguishing or creating differences between objects, concepts, or entities.

Decision-Making

The cognitive process of selecting a course of action among several alternatives, crucial in clinical settings for determining patient care strategies.

Coordination

The organization of the different elements of a complex body or activity so as to enable them to work together effectively.

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