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
reducing the risk for consumers.
B
following a federal regulation.
C
lowering prices for customers.
D
creating a new or better product.
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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