Walmart Recently Engaged Amazon

question 96

Multiple Choice

Walmart recently engaged Amazon.com in a price war, offering best-selling books for first $10, then $9; and now Target has jumped into the war with best sellers for $8.98. This scenario is an example of which aspect of the competitive environment?

• A) Customers.
• B) Competitors.
• C) Regulators.
• D) The economy.
• E) Substitutes.

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Definitions:

Operations Manager

A role responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods and services.

OM Function

Operations management function, which involves the responsibility for planning, organizing, and supervising the processes that produce a company's goods or services.

Money Transfers

The process of moving funds from one account or individual to another, through various methods such as electronic transfers, wire transfers, or checks.

Multifactor Productivity

Indicates the ratio of the goods and services produced (outputs) to many or all resources (inputs).