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 KCSE business studies paper 1 revision questions and answers Set 1

Give four ways in which consumers may benefit when producers compete in product promotion

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Answer Text:
-Reduction in prices of goods
-Improvement in quality of products
-Provision of education on how to use the products
-Provision of variety of goods to consumers
-Provision of high quality services to consumers
-Competition and demonstration where customers win prizes.


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