Because of increased competition, the price of cell phones dropped dramatically.explain this
Question
Solution 1
The dramatic drop in cell phone prices can be attributed to increased competition among manufacturers and retailers. When multiple companies enter the market or existing companies expand their offerings, they often lower prices to attract customers and gain market share. This competitive pressure en Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
E-commerce has increased price competition in many markets.Group of answer choicesTrueFalse
Abusiness dealing in cell phones might supply 3000 units if the price is 5000 LE each, but if the price increases to 6100 LE they might supply 2800 unit
________blank are cell phones with wireless connections to the Internet.Multiple ChoiceMidrange devicesSuperphonesWearablesSmartphones
The price of an item has dropped to $153 today. Yesterday it was $180. Find the percentage decrease.
The owner of the cell phone shop charges 23% more than the cost price. If a customer paid 7011 for a cell phone, find the cost price of the cell phone.