NAIMMCQ Economics Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with:

Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with:

Economics

Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with:

a) Industry (External) View or I/O Perspective
b) Resource (Internal) View or Resource-Based View
c) Porter's Five Forces of Competition Model
d) The Neoclassical Revision.

Answer: B

NAIMMCQ

Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with:

Competition is a process by which two or more parties attempt to gain the custom of third parties by offering them more favorable terms. This approach to competition is consistent with:

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