An Industry in Which There Are Many Competitors with Specific

question 54

Multiple Choice

An industry in which there are many competitors with specific marketing niches is likely to be characterized by

• A)monopoly.
• B)monopolistic competition.
• C)oligopoly.
• D)perfect competition.

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Definitions:

Cash Concentration Accounts

These are accounts used by companies to concentrate cash from multiple accounts into a single account for effective cash management.

Cash Management

The process of collecting, managing, and investing a company's cash in a way that optimizes its liquidity and profitability.

Lock-box System

A collection and processing service provided by banks to speed up the receipt and deposit of checks from customers.

Disbursement Float

The time delay between when a check is issued and when it is deducted from the payer's bank account.