Which of the following is not a positive outcome of increased competition for a business?YOUR ANSWERYour AnswerAn increase in revenue and a decrease in costs.Decreased revenue due to lower prices and quantity sold.Falling profit and reduced profit margins.Decreased cash flow and difficulties repaying loans.

Higher costs that result from increased competition in an industry will:YOUR ANSWERYour Answerimprove a business’s financial liability.have no change on a business’s financial liability.increase, decrease or have no impact on a business’s financial liability.decrease a business’s financial liability

Which of the following can we be sure will explain an improvement in the financial viability of a business?YOUR ANSWERYour AnswerAn increase in revenue.A decrease in costs and an increase in revenue.A decrease in costs.An increase in revenue and an increase in costs.

Increased competition leads to price decrease, increasing public awareness, sales volume increase significantly are the characteristics of ______________ in PLC.

The intensity of industry competition and an industry’s profit potential are a function of which of the following forces of competition?Question 1Answera.Threats posed by new entrantsb.Power of stockholdersc.Power of employeesd.Global economic conditions

According to the law of _____ , producing significantly more of a product than current levels will come at a higher cost, so the price of the good must rise for sellers to be willing and able to increase the quantity of the good they supply to the market.Multiple choice question.increasing opportunity costsdemanddiminishing marginal productivityaverages