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