The more competitive a market,the lower the power of the consumer.

Name: The more competitive a market,the lower the power of the consumer.
Brand: Quizplus
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Question

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The more competitive a market, the higher the power of the consumer. This is because in a highly competitive market, businesses are forced to compete by offering better prices, quality, and customer service to attract and retain customers. This gives consumers more options and bargaining power to demand better products and services at lower prices.

The More Competitive a Market,the Lower the Power of the Consumer