Which of the Following Is NOT a Benefit of Competition

question 10

Multiple Choice

Which of the following is NOT a benefit of competition?

• A) Promotes innovation and ingenuity
• B) Results in higher prices
• C) Inventors are able to profit from new discoveries
• D) Scientists are able to profit from new discoveries

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Definitions:

Return-on-investment (ROI)

A financial metric utilized to evaluate the efficiency of an investment or compare the efficiency of several different investments.

Business-to-business Markets

Markets focused on selling products or services from one business to another rather than to individual consumers.

Public Utilities

Organizations that provide essential services to the public such as water, electricity, natural gas, and telecommunications.

Target Return-on-sales Pricing

A pricing strategy where the price is set with the aim of achieving a specific return on sales percentage.