Competitive Pressures Among Existing Firms Depend on

question 37

Multiple Choice

Competitive pressures among existing firms depend on

• A) the current economic growth rate.
• B) the total number of established competitors.
• C) low fixed costs.
• D) the rate of industry growth.
• E) the availability of raw materials and natural resources.

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Definitions:

Remanufacturing

The process of rebuilding a product to specifications of the original manufactured product using a combination of reused, repaired, and new parts.

Margins

The difference between the cost of goods sold and the selling price, indicating the profit per unit sold.

Emissions

The release of pollutants into the air, including those from industrial processes, transportation, and other sources that can harm human health and the environment.

Production Process

A set of operational activities and tasks involved in the conversion of raw materials into finished products or services.