Foundations of Business (Standalone Book) (MindTap Course List)
Foundations of Business (Standalone Book) (MindTap Course List)
5th Edition
ISBN: 9781305511064
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Chapter 1, Problem 4DQ
Summary Introduction

To determine: Whether the business competition encourages improved product quality and increased customer satisfaction.

Introduction: Business competition is characterized as the exertion of ventures to be pioneers in their industry and increment their piece of the pie. At the end of the day, it's the point at which one business attempts to prevail upon another business' clients or customers by offering distinctive items and better arrangements.

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Discuss this statement: “Business competition encourages improved product quality and increased customer satisfaction.”
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