Soru
19 Multiple Choice 1 point Which is most likely the result of healthy competition in the market? higher prices, better quality.less choice of products lower prices, better quality,greater choice of products higher prices, lower quality.less choice of products lower prices, lower quality,greater choice of products
Çözüm
4.1
(106 Oylar)
Elvan
Kıdemli · 9 yıl öğretmeni
Uzman doğrulaması
Cevap
The most likely result of healthy competition in the market is 'lower prices, better quality, greater choice of products'.
Daha Fazla
## Step 1Healthy competition in the market is a scenario where businesses strive to outdo each other in order to attract more customers. This competition leads to several outcomes that are beneficial to consumers.## Step 2The first outcome is lower prices. Businesses, in order to attract more customers, often lower their prices. This is because lower prices make their products or services more affordable, which can lead to increased sales.## Step 3The second outcome is better quality. Businesses, in order to stand out from their competitors, often improve the quality of their products or services. This is because higher quality can lead to increased customer satisfaction and loyalty.## Step 4The third outcome is greater choice of products. Businesses, in order to cater to a wider range of customer preferences, often diversify their product lines. This means they offer a wider variety of products or services, which increases the choice of products for consumers.