In the Context of Rivalry, Which of the Following Statements

question 34

Multiple Choice

In the context of rivalry, which of the following statements is true of products by a firm?

• A)Differentiated products engender loyalty in customers.
• B)Standardized products make it difficult for people to switch brands.
• C)Firms that sell differentiated products often have to compete by offering discounts.
• D)Product price wars decrease rivalry and increase profits.