The competitive environment of a business encompasses the number of competitors the firm must face,the relative size of these competitors,regulatory agencies,and the degree of interdependence within the industry.

Name: The competitive environment of a business encompasses the number of competitors the firm must face,the relative size of these competitors,regulatory agencies,and the degree of interdependence within the industry.
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Question

Quizplus · Accepted Answer

Regulatory agencies are political and legal factors.

The Competitive Environment of a Business Encompasses the Number of Competitors