Customers Are One of the Competitive Forces That Affect an Organization's

question 25

True/False

Customers are one of the competitive forces that affect an organization's ability to compete.

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Definitions:

Oversupply

A situation in which the quantity of a product or service exceeds the demand for it, often leading to lower prices and surplus.

Undersupply

A situation where the availability of a commodity or service is insufficient for the demand.

Serotonin

A neurotransmitter that plays a key role in mood regulation, sleep, and appetite control.

Norepinephrine

A neurotransmitter involved in arousal and the fight-or-flight response, as well as in the regulation of mood.