Question

Competition is beneficial to the competing firms besides benefiting the
(A) Producers
(B) Finances
(C) Consumers
(D) Intermediaries​

Answer 1

Answer:

Consumers

Explanation:

Because of competition, firms try to keep their price lower than other firms to survive in the competition.

So, Consumers can be benefitted by purchasing the product or service at the most reasonable and cheap price.

Answer 2

MARKETING AND COMPETING FIRMS

Competition is beneficial to the competing firms besides benefiting the (C) consumers.

KEY TAKEAWAYS OF COMPETING FIRMS IN MARKETING:

* True market competition is required for the entrepreneurial spirit to develop inside a country. This may be characterized as a corporate climate in which diverse companies, both inside and outside of a country, compete exclusively on the merits of their goods and services.

* Uncompetitive marketplaces, on the other hand, can be defined as a business environment in which enterprises are given preferential treatment and are shielded from competition.

* Countries that have and support competitive marketplaces are more likely to inspire the entrepreneurial spirit and generate long-term economic growth. Countries that limit market competition, on the other hand, have fewer entrepreneurs and so face slower economic growth.