Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

does the term business competition mean?
a. shorter hours for management and workers
b. hiring more workers at higher salaries
c. hiring only immigrants
- d. two or more businesses selling the same thing

Sagot :

GinnyAnswer

Final answer:

Business competition involves rivalry between companies offering similar products/services, driving innovation and efficiency to attract customers and increase profits.


Explanation:

Business competition refers to the rivalry between companies that offer similar products or services to the same target market. This competition can lead to businesses improving their products, reducing prices, and increasing efficiency to attract customers and increase profits.

In a competitive market, businesses face the risk of losing customers and profits to competitors with better offerings, which can drive them out of business. Workers in these businesses may also be impacted, with potential loss of income or even jobs if the business fails to stay competitive.


Learn more about Business competition here:

https://brainly.com/question/34153095


We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.