Which of the following characterizes the competition in a nonmarket environment?
a) Firms compete through their market or competitive strategies.
b) The competitive strategies are intermediated by markets.
c) Public pressure leads to competition involving individuals, activists, interest groups, and firms.
d) The nonmarket environment neither changes nor the issues on a firm's nonmarket agenda evolve.
C
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Blandings Corp., an apparel manufacturer, has been profitable for a long time without depleting its resources—raw materials, employees, and the support of the local community. The company also caters to the needs of all its stakeholders. Which of the following characteristics is illustrated in this scenario?
A. Sustainability B. Strategic architecture C. Compliance with law D. Talent management E. Workforce analytics
How does a long-term outlook differ from a short-term outlook?
What will be an ideal response?