The _____ for a Soft-Drink Manufacturer Would Include Other Brands

question 36

Multiple Choice

 The _____ for a soft-drink manufacturer would include other brands of soft-drinks,fruit juice,bottled water,sports drinks,caffeine-free colas,and dairy beverages. 

• A) competitive environment
• B) technological environment
• C) cooperative environment
• D) economic environment

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Definitions:

Fixed Costs

Costs that do not change in total amount with a change in business activity level, such as rent or salaries.

Short Run

The short run in economics is a period during which at least one input, like plant size, is fixed and cannot be changed.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power and price setting.

Fixed Costs

Expenses that do not vary with the level of production or sales, such as rent or salaries.