In the Context of Competitive Analysis, ________ Offer Close Substitutes

question 45

Multiple Choice

In the context of competitive analysis, ________ offer close substitutes to the product the firm completing the analysis sells.

• A) potential competitors
• B) direct competitors
• C) indirect competitors
• D) impending competitors
• E) future competitors

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Definitions:

Treasury

The government department responsible for developing and executing the national fiscal policy, including the collection of revenue and expenditure of government funds.

National Debt

The total amount of money that a country's government has borrowed, typically as a result of deficit spending.

GDP

Gross Domestic Product, a monetary measure of the market value of all final goods and services produced in a country during a specific period.

Automatic Stabilizer

Economic policies and programs, such as unemployment benefits, that automatically adjust to stabilize an economy's fluctuations without direct intervention by policymakers.