Asked by Princess Ritsu on May 22, 2024
Verified
The term "open market" refers to the:
A) large number of jobs available to recent college graduates
B) ability of the average company to differentiate itself from its competitors in the marketplace
C) ease with which foreign competitors can enter the markets of other countries
D) ease with which a recent college graduate can enter the job market
E) ability of companies to merge with and acquire their competition within markets
Open Market
A system where goods, services, and financial instruments are traded freely without restrictions, based on supply and demand forces.
Foreign Competitors
Companies based in one country that compete with those in another country, often affecting market share, pricing strategies, and innovation efforts.
- Identify and explain the concept of open markets and their implications.
Verified Answer
KS
keshav sharmaMay 27, 2024
Final Answer :
C
Explanation :
The term "open market" refers to the ease with which foreign competitors can enter the markets of other countries. It does not refer to the number of job opportunities available to recent college graduates, a company's ability to differentiate itself or merge with its competition, or the ease with which a recent college graduate can enter the job market.
Learning Objectives
- Identify and explain the concept of open markets and their implications.