Competition Encourages Companies to Operate Efficiently and Responsively

question 114

True/False

Competition encourages companies to operate efficiently and responsively. The government does its part to stimulate fair competition by creating regulations to protect consumers and workers.

---

Definitions:

AISI

The American Iron and Steel Institute, an association focused on steel production and its standardization across industries.

Irreversible Chemical Change

A chemical reaction that results in products that cannot easily revert back to the reactants without significant energy input.

Atmospheric Corrosion Resistance

The ability of a material to withstand degradation caused by reactions with atmospheric conditions without additional protection.

Alloy Series

Groups of metal alloys classified together based on their principal element.