The rivalry among businesses for sales to potential customers
A) is an unfair business practice.
B) is a necessary part of a command economy.
C) is referred to as competition.
D) is typical in a communist nation.
E) doesn't exist in the real world.

Question

Quizplus · Accepted Answer

The term used for rivalry among businesses for sales to potential customers is competition. It is a basic principle of a market economy and is considered a fair business practice. Choice A and D are incorrect as they suggest unethical behavior, while choice B and E are incorrect as they do not accurately reflect the reality of a market economy.

The Rivalry Among Businesses for Sales to Potential Customers