Which of the Following Statements Is True About a Competitive

question 132

Multiple Choice

Which of the following statements is true about a competitive market? A competitive market

• A)includes markets for goods and services but not for inputs.
• B)has one seller competing to sell his or her product.
• C)must have a physical location.
• D)has so many buyers and sellers that no one can influence the price.
• E)has only a handful of sellers but always has many buyers.

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Definitions:

Realistic Job Previews

A communication process used by an organization to provide potential employees with an accurate picture of what to expect from a job, including both its positive and negative aspects.

Early Job Satisfaction

The level of contentment employees feel about their job roles and work environment shortly after commencing employment.

Unrealistic Expectations

Expectations that are overly optimistic and not aligned with actual capabilities, resources, or realities, often resulting in disappointment or failure.

Traditional Recruitment

The process of filling job vacancies through conventional methods like job postings, newspaper ads, or employment agencies.