The Competitive Environment of a Business Encompasses the Number of Competitors

question 121

True/False

The competitive environment of a business encompasses the number of competitors the firm must face,the relative size of the competitors,regulatory agencies,and the degree of interdependence within the industry.

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Definitions:

Labour Force

The total number of people available to work, including both the employed and those actively seeking employment.

Barriers To Employment

Challenges or obstacles that prevent individuals from gaining employment, which may include factors like discrimination, lack of experience, or educational qualifications.

Aboriginals

Indigenous peoples, the original inhabitants of a given region, who have distinct cultural and historical identities.

Employment Equity Program

A policy aimed at countering discrimination in the workplace by encouraging the equal hiring and treatment of underrepresented groups.