Whether a business is successful and thrives is determined by
A)free enterprise or competition.
B)competition and markets only.
C)markets and competition only.
D)markets, competition and free enterprise.

Question

Quizplus · Accepted Answer

A business’s success is influenced by factors such as the existence of markets for its goods or services, competition from other businesses, and the ability of the business owners to utilize their freedom to innovate, create, produce and market their products or services. Therefore, markets, competition and free enterprise all play significant roles in determining a business’s success or failure.

Whether a Business Is Successful and Thrives Is Determined by