Which of the Following Supports the Contention That Pure Competitors

question 209

Multiple Choice

Which of the following supports the contention that pure competitors have a strong incentive to engage in R&D?

• A) Entry to purely competitive industries is easy, and thus profit from innovation is quickly competed away.
• B) Pure competitors cannot risk being complacent about innovation because a new product, production technique, or distribution method could undermine their normal profit and drive them out of the market.
• C) Most purely competitive industries are increasing-cost industries.
• D) Pure competitors are happy to earn only a normal profit.

Understand different ethical frameworks in brand marketing.

Recognize the role of consumer power in ethical consumption.

Identify the importance of empathy in marketing and stakeholder relationships.

Comprehend the significance of brand purpose and authenticity.

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Definitions:

Delegation of Authority

The process of distributing and entrusting work or decision-making power from a higher authority to lower levels within an organization or system.