Which of the Following Is NOT a Benefit of Business

question 12

Multiple Choice

Which of the following is NOT a benefit of business competition?

• A) It may lead to a wider variety of goods and services.
• B) It may lead to higher quality goods and services.
• C) It may lead to a limited variety of goods and services.
• D) It may lead to cheaper goods and services.
• E) It may lead to decreased customer satisfaction.

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Definitions:

Not-For-Profit Organizations

Organizations that operate for purposes other than generating profit, focusing on serving a public or mutual benefit instead of commercial or financial gains.

Federal or State Government

Organizational structures responsible for governing at either a national (federal) level or within individual states, overseeing and implementing laws, policies, and regulations.

Naturalistic Observation

An investigative approach where individuals are watched in their natural surroundings without any interference from the observer.

Observer Bias

A form of cognitive bias that occurs when an observer's expectations or beliefs influence the interpretation of data.