Competitive Pressures Among Existing Firms Depend on

question 37

Multiple Choice

Competitive pressures among existing firms depend on

• A) the current economic growth rate.
• B) the total number of established competitors.
• C) low fixed costs.
• D) the rate of industry growth.
• E) the availability of raw materials and natural resources.

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Definitions:

Making Ethical Decision

The process of choosing actions that are consistent with one's principles and values, often in a professional context.

Understand

To grasp the meaning, significance, or nature of something.

Problem

An issue or situation that presents difficulty and requires a solution.

Principle of Rights Theory

A normative theory that emphasizes the rights of individuals and the duties others have to respect those rights.