BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify the factor based on the given explanation.As competition increases, the price will decrease and vice versa
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Cost & Expenses
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Supply & Demand
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Consumer Perception
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Competition
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Government
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Explanation:
Detailed explanation-1: -From a microeconomics perspective, competition can be influenced by five basic factors: product features, the number of sellers, barriers to entry, information availability, and location.
There is 1 question to complete.