Which of the Forces of the Business Environment Involves the Rivalry

question 16

Multiple Choice

Which of the forces of the business environment involves the rivalry among businesses for customers and profits?

• A)The economic dimension
• B)The legal dimension
• C)The competitive dimension
• D)The technological dimension
• E)The voluntary responsibilities dimension

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Definitions:

Fee Simple

The most complete form of ownership of real estate, giving the holder full possession and control over the property.

Leasehold

An estate or interest in property held under a lease, granting the holder the right to use and occupy the property for a specified period under certain conditions.

Profit a Prendre

A legal right granted to a person to enter another's land and take away some part of the land's produce or mineral deposits.

Restrictive Covenant

A clause in a contract or agreement that imposes limitations or conditions on the actions of one or more parties, typically to protect business interests.