Question

Competition among the European companies resulted in __________. A)Reduced profits of Companies B)Quality of goods increased C)Price became low D)None of these


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Answer 1

Answer:

reduced profit of companies

Answer 2

Given :- Competition among the European companies resulted in __________. 

A) Reduced profits of Companies .

B) Quality of goods increased .

C) Price became low .

D) None of these .

Answer :- B) Quality of goods increased .

Explanation :-

• Competition among companies can spur the invention of new or better products, or more efficient processes.
• Firms may race to be the first to market a new or different technology.
• Innovation also benefits consumers with new and better products, helps drive economic growth and increases standards of living .

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