Edzy
Single Answer MCQ
Q-00045610

What is often a direct result of competition among global producers?

1

Price stability

2

Product innovation

3

Market shrinkage

4

Decreased quality

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Product innovation

Solution:

Competition among global producers often leads to product innovation, as companies strive to differentiate themselves and capture consumer interest.

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