For Most Business Enterprises a Market Is

question 44

Multiple Choice

For most business enterprises a market is:

• A)An abstract concept-from the point of view of competition it is a continuum from a firm's closest competitor towards more distant competitors
• B)A sociological concept that is defined mainly by convention and institutions
• C)Geographical concept defined by the location of customers and competitors
• D)All the above

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Definitions:

Depository Institutions

Financial institutions that accept deposits from the public, such as banks, credit unions, and savings and loan associations.

Money Supply

The total amount of money—cash, coins, and balances in bank accounts—in circulation within a country's economy at a specific time.

Prime Rate

The interest rate that commercial banks charge their most credit-worthy customers, often used as a reference for setting various interest rates.

Great Recession

A severe global economic downturn that occurred from late 2007 through mid-2009, marked by significant declines in housing prices and increased unemployment rates.