The Competitive Environment of a Business Encompasses the Number of Competitors

question 121

True/False

The competitive environment of a business encompasses the number of competitors the firm must face,the relative size of the competitors,regulatory agencies,and the degree of interdependence within the industry.

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Definitions:

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.

Account Receivable

Resources that a company has yet to receive payment for from customers, regarding delivered goods or services.

Interest Revenue

Earnings received through the act of providing loans or putting money into assets that generate interest.

Notes Receivable

Short-term or long-term financial assets representing the promise of another party to pay a specific sum of money at a future date.