What is the correct meaning of healthy competition?
Answer and explanation
Correct answer: Trying to improve through quality and service
Healthy competition occurs when businesses try to attract customers through better quality, service, efficiency, innovation, or fair prices while following ethical and legal standards. It can benefit consumers through greater choice and improvement. Rumours, cheating, and deliberate harm are unfair practices, not healthy competition.
Frequently asked questions
What is the correct answer to this question?
Trying to improve through quality and service
Why is this the correct answer?
Healthy competition occurs when businesses try to attract customers through better quality, service, efficiency, innovation, or fair prices while following ethical and legal standards. It can benefit consumers through greater choice and improvement. Rumours, cheating, and deliberate harm are unfair practices, not healthy competition.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce.
