Two Factors Are Vital to Studying the Effects of Competition

question 42

Multiple Choice

Two factors are vital to studying the effects of competition on a small firm's pricing policies:

• A)the location of the competitors and the nature of the competing goods.
• B)the pricing.
• C)the location of the competitors and their marketing efforts.
• D)Both A and B

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Definitions:

Skeletal

Pertaining to the framework of bones that supports the body, allows for movement, and protects the internal organs.

Smooth

Describes muscle tissue that lacks striations, is involuntarily controlled, and found in the walls of internal organs.

Cardiac

Relating to the heart, especially pertaining to its function or diseases affecting it.

Ciliated Cells

Cells that have hair-like structures (cilia) on their surface, which often function to move fluids over the cell surface or to move the cell itself.