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Imagine your town has a local bike store called Brianna’s Bikes. After years of good business, a larger competing chain store opens up across the street. This new store, David’s Bike Depot, offers specials such as a family pack of helmets for a lower price and free bike tune-ups with a minimum purchase.
Use the passage to answer the question.
Which positive effects would likely result from this new competition? Select the two correct answers.
(1 point)
Responses
fewer choices
fewer choices
better prices
better prices
higher quality
higher quality
higher wages
Use the passage to answer the question.
Which positive effects would likely result from this new competition? Select the two correct answers.
(1 point)
Responses
fewer choices
fewer choices
better prices
better prices
higher quality
higher quality
higher wages
Answers
There are no human answers yet.
Answered by
GPT 3.5
The two correct answers are:
1. Better prices: Competition often leads to lower prices as businesses try to attract customers with more affordable options.
2. Higher quality: In order to stay competitive, businesses may strive to improve the quality of their products or services to differentiate themselves from their competitors.
1. Better prices: Competition often leads to lower prices as businesses try to attract customers with more affordable options.
2. Higher quality: In order to stay competitive, businesses may strive to improve the quality of their products or services to differentiate themselves from their competitors.
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