Elliot runs a car wash that does pretty good business; however, three new car washes have opened up all within three blocks of his business. This means that Elliot’s business now has a lot of competitors and will likely face ______ that may result in him having to lower his prices?

Question

A. stiff price competition
B. mild price competition
C. minor consumer competition
D. slight branding competition

Answer 1

A. stiff price competition

Answer 2

is this right

Answer 3

Yes, that is correct. Elliot's business will likely face stiff price competition as a result of the new car washes opening up nearby.