Which of the Following Was the Prime Reason Behind the Formation

question 206

Multiple Choice

Which of the following was the prime reason behind the formation of regulations aimed at protecting competitors?

• A)To provide legal protection to independent merchants against competition from larger chain stores
• B)To reduce the concentration of industry power in the hands of a small number of competitors
• C)To increase competition in industries like telecommunications, utilities, transportation, and financial services by discontinuing many regulations
• D)To permit firms to expand their service offerings to new markets by discontinuing many regulations

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Definitions:

Product Line

A range of related products offered by a single company, designed to serve different customer needs while maintaining a certain standard or characteristic.

Product Line Extensions

The practice of expanding an existing product line by introducing new variants or sizes, aiming to target different customer segments or adapt to changing market conditions.

Brand Awareness

The degree to which customers know about and can identify the special attributes or image associated with a specific brand's goods or services.

Advertising Costs

Expenses incurred in promoting a product, service, or brand to potential customers through various media channels.