Collectively,competitive forces determine the ultimate:
A) Growth of a firm
B) Survival of a firm
C) Profitability of a firm
D) Viability of a firm

Question

Quizplus · Accepted Answer

Competitive forces determine the profitability of a firm. A firm's profitability is determined by its ability to compete effectively in the market. If the competitive forces are strong, the firm may struggle to generate profits. If the competitive forces are weak, the firm may be able to generate higher profits. Therefore, understanding the competitive forces is crucial for a firm's profitability. While growth, survival, and viability are important factors, profitability is the ultimate goal for most firms.

Collectively,competitive Forces Determine the Ultimate