must be present if companies are going to be motivated to offer consumers lower prices. Select one: O a. Government regulations Ob. Profits ⒸC. Freedom of choice O d. Freedom of choice and competition e. Competition
must be present if companies are going to be motivated to offer consumers lower prices. Select one: O a. Government regulations Ob. Profits ⒸC. Freedom of choice O d. Freedom of choice and competition e. Competition
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:must be present if companies are going to be
motivated to offer consumers lower prices.
Select one:
O a. Government regulations
Ob. Profits
ⒸC. Freedom of choice
O d. Freedom of choice and competition
e.
Competition

Transcribed Image Text:Contingency planning involves
Select one:
an organization's methods for dealing with
emergencies.
O b. developing plans for a business should there be a
sudden decrease in revenue or increase in expenses.
developing plans for future growth.
identifying aspects of a business that require changes
in organization in three to five years' time.
a.
O.C.
d.
Oe. identifying aspects of a business or its environment
that might entail changes in strategy.
Clear my choice
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step 1: Define A Motivation.
VIEWStep 2: The Role of Competition in Driving Innovation and Lower Prices.
VIEWStep 3: Flaws in Government Regulations, Profits, and Freedom of Choice for Price Reductions.
VIEWStep 4: Define A Planning.
VIEWStep 5: Contingency Planning, Strategies for Navigating Emergencies and Ensuring Business Continuity.
VIEWStep 6: Clarifying Contingency Planning, Addressing Misconceptions and Ensuring Business Resilience.
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