The phenomenon that describes corporations as evolving through relatively long periods of stability punctuated by relatively short bursts of fundamental change is known as

___________ exists when a large number of firms produce goods that are similar but are perceived by buyers as being different.

A. Perfect competition B. Monopolistic competition C. Oligopoly D. A monopoly

A ________ consists of all the product lines and items that a particular seller offers for sale

A) product mix B) store brand C) supply chain D) value chain E) line extension