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 cash flow and difficulties repaying loans.Decreased revenue due to lower prices and quantity sold.Falling profit and reduced profit margins.

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

Recall the labour market model. Consider now an increase in the degree of competition faced by the firms in the economy in the short term. Which of the following statements is correct regarding the effect of increased competition in the short term?Select the two correct answersGroup of answer choicesThe price-setting curve shifts downThe markup shrinks, increasing the share of output that can be claimed by the workersThe equilibrium real wage increasesThe wage-setting curve shifts down