ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is the rivalry among businesses for consumers’ dollars.
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Marketing
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Competition
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Personal Selling
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Visual Merchandising
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Explanation:
Detailed explanation-1: -Price Competition-A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars.
Detailed explanation-2: -Monopolistic competition exists when there is only one producer of a product in a given market.
Detailed explanation-3: -How does competition benefit consumers? it benefits consumers by keeping prices low and the quality and choice of goods and services high.
Detailed explanation-4: -Communism: Society in which people, without regard to class, own all the nation’s resources.
There is 1 question to complete.