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"The principle advantage is efficient allocation of resources. When many suppliers compete for the business of consumers, prices gravitate toward costs of production and scarce resources are used for those goods and services for which there is real demand. Competition thereby produces maximum economic value from given resources, and uses minimum resources to supply a given demand."
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∙ 15y ago
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Advantages of Competition Based Pricing?
what are the advantage of competition based price
Advantages of business ethics?
advantages of business ethics
What are advantages of competition?
Competition stimulate innovation. It also forces the prices of products to go down over time. With competition, consumers can pay reasonable rates for products.
What are the advantages of chasing market trends?
Your business can...
What are the advantages of mission in business?
Advantages; You provide the business with a purpose and aim You motivate staff Helpful for bringing in new shareholders Future vision of the company
What advantages do niche companies have?
since there is little competition they make more business
Advantages of a company taking over another which works in the same business?
Lower competition.
Why did American want to Americanized immigrants?
Because of business competition
When a industry or business has no competition?
A monopoly is an industry or business having no competition.
What is the importance of competition?
Competition in business is important for several reasons. First, competition drives innovation. Second, business competition brings better quality. Finally, business competition keeps price inflation in check.
Advantages of Competition Based Pricing?
what are the advantage of competition based price
How can you set your business competitor?
You can sset your business competition by being the best business you can be and just outshine your competition.
Is competition unethical?
unethical competition in business?
What are the advantages and disadvantages of mobile shop management?
answer
What are the Advantages of business letter?
what are the advantages of a business letter?
Advantages of business ethics?
advantages of business ethics
What is a Business Plan Competition?
A Business Plan Competition is something that occurs between students who wish to someday work in the business field. Students who compete in the business plan competition create mock business plans.
