Question: What is a potentially vital difference between a single competitive firm in most other industries and a professional sport franchise? Question 1 4 options: Promotion
What is a potentially vital difference between a single competitive firm in most other industries and a professional sport franchise?
Question options:
Promotion and relegation mean that professional sport teams compete in many industries compare to a single competitive firm that competes in a single industry.
While there are minor differences, there are no vital differences between a single competitive firm in most other industries and a professional sport franchise.
The goal of most firms is to maximize profits a professional sport team's goal may not be that simple.
It is more important for a sport team to maximize profits compare to a single competitive firm.
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