When a business such as Starbucks creates a new need in society, who else benefits?

Question

(1 point)
Responses

businesses that fill other needs

businesses that fill other needs

those who open similar businesses

those who open similar businesses

suppliers when demand decreases as a result

suppliers when demand decreases as a result

consumers who are willing to pay increasingly high prices

Answer 1

The best response to the question of who benefits when a business like Starbucks creates a new need in society is:

those who open similar businesses

When a company like Starbucks creates a new need (such as the demand for specialty coffee), it often leads to opportunities for new competitors to enter the market and capitalize on that demand.