A Business Can Become More Competitive By

question 19

Multiple Choice

A business can become more competitive by:

• A) adding new products or expanding to new markets.
• B) improving its factory decor.
• C) lowering cost prices in order to increase sales.
• D) firing employees.

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Definitions:

LED Bulbs

Light Emitting Diode (LED) bulbs are energy-efficient lighting devices that convert electricity directly into light.

Solar Panels

Devices that convert sunlight into electricity, composed of photovoltaic cells that capture and transform solar energy.

Independent Retailers

Retail businesses that are owned and operated independently, not part of a larger chain or franchise.

Corporate Chains

Businesses owned and operated by a single organization that has multiple outlets in various locations.