I believe there are fewer opportunities for differentiation in nature industries because the trend toward commodization married the scope for differentiation and reduced customer willingness to pay.
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Answer: C. 10 years
Explanation: A long-term goal will take many years. An example is saving up enough money to buy a house. This will take many years to achieve the goal.
Answer:
competition
Explanation:
In simple words, competition refers to the tendency of two or more parties to perform better than one another for the sake of own personal benefits. In business, competition can be done from various perspectives like price or quality.
In the given case, Jeff has been producing at a lower cost but despite of earning high profits he is willing to sell for lower prices with the motive of competing in the market and gaining higher market share.
If the government and central bank don’t follow the economic policy, it could result in an economic depression
