Which situation is the best example of competition in an economic system? a. A restaurant just opened down the block from a movie theater, and the restaurant owner hopes to attract diners after each movie.
b. A small CD store slashed its prices to attract customers from a larger store that sells CDs and DVDs.
c. A store that sells sneakers has offered a special deal to customers from a nearby health club.
d. A federal agency has been created to monitor the production and distribution of food supplements.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which situation is the best example of competition in an economic system? a. A restaurant just opened down the block from a movie theater, ...” 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
Imagine you were starting a sole proprietorship. Which disadvantage would concern you the most? Explain.
Answers (1)
Bed Bug Inn has annual sales of $137,000. Earnings before interest and taxes is equal to 5.8 percent of sales. For the period, the firm paid $4,700 in interest. What is the profit margin if the tax rate is 34 percent?-2.43 percent1.56 percent3.
Answers (1)
Which is an example of a short-term investment?
Answers (2)
Lakota is buying a new laptop. He wants to use google as his main search engine. He should be sure which internet browser (s) are loaded on his computer?
Answers (2)
If a change in government regulations allows banks to start paying interest on checking accounts, this will: increase the demand for currency but decrease the demand for checking accounts. decrease the demand for money. increase the demand for money.
Answers (2)
New Questions in Business
Shoeleather costs arise when higher inflation rates induce people to:a. spend more time looking for bargains. b. spend less time looking for bargains. c. hold more money. d. hold less money.
Answers (1)
Lewis Inc. had the following information taken from various accounts for 2015: Sales Discounts $41,000 Unearned Revenue $32,000 Total Sales $459,000 Purchase Discounts $15,000 Sales Allowances $35,000 Accounts Receivable $205,000 What was Lewis Inc.
Answers (1)
True or False: The basic economic theory of supply and demand suggests that when price drops, consumers will buy more and thus generate stronger demand.
Answers (1)
If you think carefully about what you're doing, always ask for advice when you need it, and keep asking questions, starting a business can be
Answers (2)
16. What size paper should you use for a legal document? A. 3" x 5" B. 8/2" x 11" C. 872" x 14" D. 74" x 1072"
Answers (2)