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When Quantitate Indicators Are Unavailable or Inappropriate to Assess Performance,qualitative

question 111

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When quantitate indicators are unavailable or inappropriate to assess performance,qualitative goals (customer satisfaction,teamwork)and indicators may be used.


Definitions:

Oligopolists

Firms or entities within an industry where a small number control the majority of the market share, often leading to limited competition.

Highest Profit

The maximum financial gain that can be achieved from business activities after subtracting all relevant costs and expenses.

Competitive Quantity

Indicates the amount of product or service offered by businesses in a competitive market scenario, aimed at achieving optimum market share.

Natural Monopoly

A market condition where a single firm can supply a good or service to an entire market at a lower cost than two or more firms.

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