0
What else can I help you with?
What is it called when businesses seek to attract consumers dollars away from rival businesses?
competition
What happens when two businesses sell the same product?
They are said to be in competition.
When businesses combine to create a trust their goal is to?
reduce competition and regulate prices.
What should small businesses do to survive competition from bigger businesses?
the small businesses do to survive from bigger businesses is to have a lot of network in the market. Bigger businesses tend to sell product which in bulk orders in comparison small business do retailing that what bigger businesses to gain income.
When businesses seek to attract consumers dollars away from rival business is called?
competition
How consumers benefit from competition among businesses?
competition leads to lower prices
How does the us government promote fair competition among businesses in the US?
it does stuff
What eliminates competition?
proggresives
In a free enterprise system how does competition among businesses benefit consumers?
by lowering prices
Why is perfect competition among businesses rare?
barriers keep companies from entering the market freely
Which is not a reason why policy makers avoid spikes and slumps in product prices?
The spikes and slumps can inhibit competition among businesses.
Are businesses hurt by competition?
no
What term is used to describe the rivalry among businesses in order to gain customers?
The term used to describe the rivalry among businesses to gain customers is "competition." This competition can take various forms, including price wars, marketing strategies, product differentiation, and customer service improvements. Businesses strive to attract and retain customers by offering better value or unique features compared to their rivals. Ultimately, healthy competition benefits consumers by providing them with more choices and better quality products or services.
Can competition be prevented?
No, competition can not be prevented. Competition is a part of life that helps to keep businesses going strong.
What is it called when businesses seek to attract consumers dollars away from rival businesses?
competition
Encourages businesses to be efficient in their use of resources?
Competition
Which of these encoirages businesses to be efficient in their use of resources?
Competition
