Ask Question
BusinessBusiness
24 May, 00:23

If your company has a lot of competitors what does that do to your demand?

+3
Answers (1)
  1. 24 May, 00:41
    0
    Decreases demand.

    Explanation:

    If there are a lot of competitors, there will be less demand for each individual company's product. For example, if you own the only restaurant in town everyone will come to eat there. However if there are 100 restaurants (increased competition) then fewer people will come to your place because they have so many other choices.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If your company has a lot of competitors what does that do to your demand? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which does the news media do? Question 13 options: enable advertising entertain people warn about dangers provide information
Answers (1)
Select all examples of employee benefits. tax stock purchase plan commission bonus group health plan tuition reimbursement
Answers (1)
Whispering Enterprises reported cost of goods sold for 2020 of $1,515,400 and retained earnings of $4,687,300 at December 31, 2020.
Answers (1)
Based only on the knowledge that the premerger market share of two firms proposing to merge was 30 percent each, an economist working for the Justice Department was able to determine that, if approved, the postmerger HHI would increase by 1,800.
Answers (1)
You should not pursue a career in an industry that has experienced even a small decline in employment growth. True False
Answers (1)
New Questions in Business
A structure within which executives, managers, specialists, and workers are broken out is commonly known as what type of structure?
Answers (1)
What way of calculating ROI makes it easiest to compare investments?
Answers (1)
Select the correct answer. Which assumption is a factor in Ricardo's Theory of International Trade? A. trade flow is restricted across borders B. trade laws are different in different nations C. labor is an irrelevant factor of production D.
Answers (1)
Some company executives favor the idea of contract manufacturing using local players, whereas others feel a direct investment strategy would be better. What would most strengthen argument for direct investment?
Answers (1)
A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.
Answers (2)
Home » Business » If your company has a lot of competitors what does that do to your demand?
Sign Up Forgot Password?