In a competitive market, a furniture company decides to use cheaper materials to decrease production costs and pass on the savings. This is an example of
Answer
A
lowering prices for customers.
B
creating a new or better product.
C
following a federal regulation.
D
reducing the risk for consumers.
Explanation
Using cheaper materials lowers the company’s production costs. If it passes those savings on to buyers, customers pay lower prices, so this is lowering prices for customers.
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