SOLVED

31) Through ________ activities, a firm gathers and analyzes publicly available information about rivals. A) economic infrastructure B) competitive intelligence C) demographic D) perfect competition E) business cycle 32) ________ income is the amount of money an individual has left to spend after paying for necessities such as housing, utilities, food, and clothing. A) Discretionary B) Gross product C) Standard of living D) Inflationary E) Competitive 33) Through ________ competition, competitors offer different products, attempting to satisfy the same consumers’ needs and wants. A) discretionary income B) product C) brand D) monopolistic E) oligopolistic 34) The YMCA and Gold’s gym engage in ________ competition when they both try to attract customers to buy their fitness center services. A) discretionary income B) product C) brand D) monopolistic E) oligopolistic 35) In a(n) ________ structure, one seller controls a market. A) monopoly B) oligopoly C) monopolistic competition D) perfect competition E) natural competition 36) In a(n) ________ structure, there are a relatively small number of sellers, each holding substantial market share, in a market with many buyers. A) monopoly B) oligopoly C) monopolistic competition D) perfect competition E) natural competition 37) In a(n) ________ structure, there are many sellers, each having slightly different products and each having only a small share of the market. A) monopoly B) oligopoly C) monopolistic competition D) perfect competition E) natural competition 38) In a(n) ________ structure, there are many small sellers, each having similar products, and each unable to have a significant impact on the quality, price, or supply of a product. A) monopoly B) oligopoly C) monopolistic competition D) perfect competition E) natural competition 39) Firms are constantly scanning the ________ environment in search of ideas and trends that can spark their own research efforts. Sometimes an idea can transform an industry, such as transistors revolutionizing the field of consumer electronics. A) political and legal B) sociocultural C) economic D) technological E) natural 40) The ________ environment refers to the local, state, national, and global laws and regulations that affect businesses. A) political and legal B) sociocultural C) economic D) technological E) natural