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:

Creditor

An individual or institution to which money is owed.

Expense

A financial outlay that is incurred through business operations or activities.

Equipment

Tangible, long-term assets used in the operations of a business, not intended for sale.

Supplies

Supplies are consumable items used in the everyday operations of a business, such as office materials, that are not resold to customers.