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Andru [333]
2 years ago
11

How did corporations affect business competition?

History
1 answer:
tiny-mole [99]2 years ago
4 0

In business, competition reduces a company's market share and reduces the pool of potential customers, particularly if demand is constrained.Reduced profit margins for each sale or service might result from a competitive market's need to cut prices in order to remain competitive.A flooded market is an extreme case.

<h3>The Mars acquisition of the Wrigley assets was part of its related constrained diversification and added market share to the Mars/Wrigley integrated firm. It allowed Mars to gain _______ because it could sell its products above the market level or reduce its costs below the market level.</h3><h3>1) market power</h3><h3>2) vertical integration</h3><h3>3) virtual integration</h3><h3>4) multipoint competition</h3>

It allowed Mars to gain Market power on the basis of the data in the question, it may be concluded that Mars was able to establish market dominance as a result.This phrase describes a business' capacity to keep product pricing above the going rate while yet out performing the competition. mostly because it is difficult to compete with their market hegemony which is what happened after they bought the Wrigley assets, most certainly.

To learn more about business competitions , visit

brainly.com/question/14186167

#SPJ4

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