If your company has a lot of competitors what does that do to your demand ?

Question

asked Jan 22, 2020 217k views

1 Answer

← Prev Question Next Question →

Ask a Question

Illana · Answer 1 · 2020-01-29T03:34:03+0000

Answer:

Decreases demand.

Step-by-step explanation:

If there are a lot of competitors, there will be less demand for each individual company's product. For example, if you own the only restaurant in town everyone will come to eat there. However if there are 100 restaurants (increased competition) then fewer people will come to your place because they have so many other choices.

If your company has a lot of competitors what does that do to your demand ?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions