Which of the Following Products Would Be Sold in a Competitive

question 12

Multiple Choice

Which of the following products would be sold in a competitive market?

• A)smartphones
• B)shoes
• C)Brent crude oil
• D)motorcycles

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Definitions:

Nonprofit Organizations

Organizations established for purposes other than generating profit, aiming to serve public or community benefits.

Isomorphism

The process of convergence where organizations within the same field or industry become increasingly similar to each other over time, often in response to regulatory, competitive, or cultural pressures.

Powell And DiMaggio

They are known for their work in institutional theory, particularly for elaborating on how organizational structures become homogenized through isomorphic processes.

Nonprofit Organization

An organization that operates for purposes other than making a profit, often focused on social, educational, charitable, or community-oriented goals.