The last stage of a hypercompetitive industry is reached when the remaining large global competitors
A) raise entry barriers.
B) move into untapped markets.
C) attack the strongholds of other firms.
D) compete on cost and quality.
E) work their way to a situation of perfect competition in which no one has any advantage and profits are minimal.
E
Business
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When an agent acts on behalf of a principal without authority to do so, but the principal later approves of the act, it is known as:
a. implied authority b. agency by ratification c. apparent authority d. agency by estoppel
Business
________ is a priority sequencing rule that specifies that the job that has the earliest due date is the next job to be processed
Fill in the blanks with correct word
Business