Special Exercises The Following Matching Questions Have to Do with the Environment

question 15

Multiple Choice

Special Exercises
The following matching questions have to do with the environment in a public school district.
-Students and parents

• A)Suppliers
• B)Strategic partners
• C)Competitors
• D)Regulators
• E)Customers
• F)Internal environment

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Definitions:

Perfect Competitors

Firms operating in a market where there are many sellers and buyers, products are homogenous, and there is free entry and exit from the market.

Short Run

A period in economics during which at least one input (like factory size) is fixed and cannot be changed, contrasting with the long run where all inputs can be varied.

Industry

is the aggregate of manufacturing or technically productive enterprises in a particular field, characterized by the goods or services they produce.

Horizontal Demand Curve

A graphical representation of a market where the quantity demanded changes significantly while the price remains constant.