Price Competition Tends to Be More Intense When the Industry

question 65

True/False

Price competition tends to be more intense when the industry is a secondary industry for the major competitors in that industry.

---

Definitions:

Economic Resource

Assets or inputs that can be used in the production or offering of goods and services that have economic value.

Fiscal Year

A one-year period used for financial reporting and budgeting that may not align with the calendar year.

Internal Rates Of Return

The financial rate that ensures a project's cash flows have a net present value of exactly zero.