Companies know that competition is fierce for the consumer dollar. True False

## Step 1<br />The problem statement is a statement about the business environment, specifically about the competition for consumer dollars. The statement is asking whether it is true or false that companies are aware of the fierce competition for consumer dollars.<br />## Step 2<br />In the business world, it is well-known that companies are indeed aware of the fierce competition for consumer dollars. This is because consumers have a variety of options to choose from, and companies must differentiate their products or services to stand out.<br />## Step 3<br />Therefore, the statement is true.