Competition

Which of the following is one of the main principles of the private enterprise system?

• Monopolies

• competition

• price fixing

• socialism

Carl's Junior and McDonald's are examples of

• regulated monopolies

• unrelated businesses

• dissimilar firms

• direct competitors

If a consumer chooses to go to the movies rather than to a pizza parlor, then the movie theater and the pizza parlor are

• direct competitors

• indirect competitors

• prospecting

• price competition

Most businesses put their greatest competitive efforts into competing

• locally

• nationally

• globally

• with indirect competitiors

An electronics store charges less for a new television than other electronics stores. The store is engaging in __________ competition.

• price

• nonprice

• ethics

• sales