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Usually lower prices for the consumer. If two companies are selling similar products - they sometimes get involved in a 'price war' - so they are more attractive to prospective customers.
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Is competition unethical?
unethical competition in business?
Why does competition thrive in the business world?
because of competition
How does the producer benefit from business competition?
Producers benefit from business competition by having to develop proficiency to a much greater level in providing their product or service to the market than they otherwise would have if business competition was lacking.
How do consumers benefits from competition among business?
competition leads to lower prices
What business model creates a market structure that most closely approximates a market structure of pure competition?
The business model that creates a market structure that closely resembles pure competition is a monopolistic competition. Pure competition is also called perfect 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.
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 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.
Why does competition thrive in the business world?
because of competition
When was Inter-Collegiate Business Competition created?
Inter-Collegiate Business Competition was created in 1979.
How has CNN contributed most to Georgia's economic growth?
CNN has increased business and competition in Georgia.
What are three types of business competition?
Pure Competition Monopolistic Competition Oligopoly Monopoly
What methods did ruthless business operatorues ues to eliminate their competition?
Ruthless business people would lower their prices to put their competition out of business. Once their competition was gone, they would raise their prices.
How does the producer benefit from business competition?
Producers benefit from business competition by having to develop proficiency to a much greater level in providing their product or service to the market than they otherwise would have if business competition was lacking.
