Question

When people consider purchasing a good, they: Group of answer choices are responding to the market forces of supply and demand. are most influenced by the price of the product or service. will not consider goods that require them to make a special effort to purchase. may evaluate and compare a variety of factors.

Answer 1

When people consider purchasing a good, they (D)May evaluate and compare a variety of factors.

• A good or service that customers of a company regard more highly than comparable offerings from a rival.

• Land, labor, capital, entrepreneurship, and knowledge are the components of production.
• Entrepreneurship and knowledge appear to be the most crucial of these.

• According to our research, there are six main ways to distinguish yourself from the competition: price, reputation/image, relationships, reputation/image management, routes of distribution, and product.

What is a competitive advantage in business?

• Anything that gives a business an edge over its rivals, enabling it to draw in more clients and increase its market share, is considered a competitive advantage.
• Three main types of competitive advantages are possible: Cost advantage is the ability to produce a good or deliver a service for less money than rivals.

Learn more about competitive advantage in business brainly.com/question/14486110

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