INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ is the rivalry among businesses for consumer dollars.
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Investment
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Competition
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Foundation skills
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None of the above
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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: -A consumer is a person who purchases and uses goods and services by paying or agreeing to pay a price for them. A consumer is one who is the decision maker whether or not to buy an item at the store, or someone who is influenced by advertisement and marketing.
Detailed explanation-3: -There are four types of competition in a free market system: perfect competition, monopolistic competition, oligopoly, and monopoly.
There is 1 question to complete.