An industry often contains "good" and "bad" competitors. Good competitors ________

A) break the rules of fair competition
B) ensure minimum competition between firms
C) play by the rules of the industry
D) typically dominate the market
E) share their marketing strategies with other firms

C

Business

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When should a company consider rejuvenating or changing its image and how should it be done?

What will be an ideal response?

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The GDP per capita of a country is higher than that of Thailand. If the GDP per capita of the country is adjusted for PPP, the country's revised GDP is lower than that of Thailand. Which of the following is most likely true about the country?

A) There are fewer goods available for purchase in the country than in Thailand. B) The cost to buy everyday goods in the country is approximately the same as in Thailand. C) It costs less to buy everyday goods in the country than in Thailand. D) It costs more to buy everyday goods in the country than in Thailand.

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