Research Indicates That Values-Based Businesses ______

question 31

Multiple Choice

Research indicates that values-based businesses ______.

• A)are increasingly common
• B)are much less profitable than other businesses
• C)remain rare
• D)are much more profitable than other businesses

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Definitions:

Price Competitively

Setting a price point for goods or services with the intention of attracting customers by being more favorable or advantageous than those of competitors.

Low Barriers To Entry

Conditions that allow for easy entry into a market by new competitors, often leading to increased competition.

Competitive Market Economy

A market structure in which companies operate in a competitive environment with little to no government oversight, and where price levels are set by the forces of supply and demand, guiding the distribution of resources via the pricing mechanism.

New Products

Items that have been recently introduced to the marketplace, offering new features or technologies.