Your Competitor Has Reduced Prices on His Entire Line of Products.You

question 33

Multiple Choice

Your competitor has reduced prices on his entire line of products.You can interpret these price cuts by assuming that your competitor is trying to gain market share,is doing poorly and wants to increase revenue quickly,or ________.

• A) signals an end to price/promotion wars
• B) signals that price is no longer a competitive advantage
• C) wants the whole industry to reduce prices
• D) wants you to reduce your prices below his
• E) none of the above

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Definitions:

Sales Goal

A specific, set target for the amount of sales that a company or individual aims to achieve within a certain time frame.

Volt

A unit of electric potential difference or electromotive force in the International System of Units (SI).

Markdowns

A reduction from the original or previous selling price of goods or services, often to clear inventory or boost sales.

Survival

The ability of an individual, organism, or organization to continue existing, often despite facing difficult or challenging circumstances.