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Why is competition considered essential for effective marketing?a)Competition ensures lower prices for consumers.b)Competition stimulates creativity and innovation.c)Competition leads to monopolies.d)Competition hinders business growth.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why is competition considered essential for effective marketing?a)Competition ensures lower prices for consumers.b)Competition stimulates creativity and innovation.c)Competition leads to monopolies.d)Competition hinders business growth.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is competition considered essential for effective marketing?a)Competition ensures lower prices for consumers.b)Competition stimulates creativity and innovation.c)Competition leads to monopolies.d)Competition hinders business growth.Correct answer is option 'B'. Can you explain this answer?.

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