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Naxon opened a retail computer shop that he called Computer Haven Ltd.He used colours and signs similar to those used by Computerheaven Ltd.,a very successful computer store three kilometres away.After Naxon was in business for about five months,the directors of Computerheaven Ltd.noticed that their sales had dropped.On these facts,which of the following is true?
Business Firms
Entities that engage in commercial, industrial, or professional activities with the goal of generating profits for their owners or shareholders.
Equity
Ownership interest in a corporation in the form of common stock or preferred stock, representing a claim on its earnings and assets.
Efficiency
The ability to achieve maximum productivity with minimum wasted effort or expense, or the use of resources so as to maximize the production of goods and services.
Military Establishment
This refers to the structures, institutions, and personnel that constitute a country's armed forces and defense infrastructure.
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