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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Is competition good for business? Is it good for consumers?

Summary Introduction

To determine: Whether competition is good for business and consumers.

Introduction: Business competition is characterized as the exertion of ventures to be pioneers in their industry and increment their piece of the pie. At the end of the day, it's the point at which one business attempts to prevail upon another business' clients or customers by offering distinctive items and better arrangements.

Explanation

The following reasons suggest whether competition is good for business and consumers:

Competition between organizations implies that organizations need to exceed alternate organizations on the off chance that they need to survive and make a profit. This powers organizations either to enhance their items or make them less expensive, both useful for the buyer...

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