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August 1, 2014

Homework Help: Social Studies

Posted by Anonymous on Wednesday, September 18, 2013 at 11:53am.

A shopping mall has one kiosk that sells baseball caps. The kiosk charges $14.99 for a cap. Then an identical new kiosk opens nearby that also sells baseball caps. This kiosk charges $9.99 for a baseball cap. On what basis are the two kiosks mostly competing?

service
advertising
price
design

Price?


Which of the following is not an example of a way in which sellers use non-price competition?

a clearance sale
advertisements with celebrities
employee customer service training
retail store renovations

A clearance sale?

Greater competition among sellers usually leads to _____________

lower prices and fewer choices for buyers.
lower prices and more choices for buyers.
higher prices and fewer choices for buyers.
higher prices and more choices for buyers.

Lower prices and more choices for buyers?

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