When Two or More Enterprises Encounter Each Other in Different

question 8

Multiple Choice

When two or more enterprises encounter each other in different regional markets,national markets,or industries,_____________ arises.

• A) a monopoly
• B) an oligopoly
• C) a cartel
• D) multipoint competition
• E) international competition

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Definitions:

Ending Inventory

The cumulative worth of all remaining inventory a company holds at the conclusion of a financial period.

Merchandising Business

A type of business that purchases goods for resale to customers, aiming to sell the goods at a higher price than the cost to earn a profit.

Service Business

A business providing services rather than products to customers.

Statement of Owner's Equity

A financial document showing the changes in the equity of a business over a specific period, including investments, withdrawals, and net income or loss.