One Way a Firm Can Gain Pricing Power Is To

question 47

Multiple Choice

One way a firm can gain pricing power is to:

• A) produce something radically new and better than the competition
• B) lower prices at least 5% below the nearest competitor
• C) eliminate all poor producing products from manufacture and heavily promote the products that are left
• D) join forces with a competitor to corner the market on a product
• E) All of these strategies will help a firm gain pricing power.