The states have powers as well, but they do not include "police power," the power to make laws that protect or promote the public health, safety, morals, and general welfare

Ted Inc. traditionally provides subcontracting services to construction firms. There are many firms like Ted Inc. in the marketplace, but it does about 85 percent of the work for Will's Construction Corp. Will typically negotiates quite heavily, reducing Ted's profits. This situation is indicative of the high bargaining power of

A. customers. B. suppliers. C. substitute companies. D. competitors. E. complementary firms.

Competition is a force that resists change

Indicate whether the statement is true or false