Raising standards of quality is part of a continuing dynamic that new competitors turn to their advantage.

Name: Raising standards of quality is part of a continuing dynamic that new competitors turn to their advantage.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

This statement is true as new competitors can enter the market offering higher quality products or services at competitive prices, thus attracting customers away from established businesses that have not kept up with evolving quality standards.

Raising Standards of Quality Is Part of a Continuing Dynamic