How Has the Global Economy Changed the Competitive Environment

question 40

Multiple Choice

How has the global economy changed the competitive environment?

• A) Suppliers are not required to reach a wide range of customers.
• B) Customers now have less access to information about substitutes.
• C) It has intensified rivalry by increasing product and vendor choices.
• D) It has made it easier for new market entrants in all fields to penetrate the market.

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Definitions:

Employee Handbooks

Manuals provided by employers to employees, outlining the organization's policies, procedures, and expectations in the workplace.

Employee Contracts

Legal agreements between employers and employees that outline the terms and conditions of employment.

Timely Manner

Completing tasks or fulfilling obligations within an expected or designated timeframe, often to ensure efficiency and effectiveness.

Timely Basis

Describes actions or events occurring at appropriate or planned intervals, without undue delay.