An example of change in the nature of competition is:
A)increased interest in urban living
B)more cultural diversity
C)increased government regulation of commerce
D)collapse of Enron Corporation

Question

Quizplus · Accepted Answer

Increased government regulation of commerce can significantly alter the nature of competition for businesses. Regulations can impose new requirements, costs, and compliance burdens, which can create new market opportunities for some firms and disadvantages for others. It can also change the competitive landscape by making it harder for smaller or less established firms to enter a market or compete with larger, more established competitors. This change can impact the overall competitiveness of an industry or market. The other options listed do not directly impact the nature of competition.

An Example of Change in the Nature of Competition Is