Why Might a Firm Not Be Able to React Quickly

question 11

Multiple Choice

Why might a firm not be able to react quickly to competitors' pricing moves?

• A)Lags in detecting competitors' prices
• B)Infrequent interactions with competitors
• C)Ambiguities in identifying which firm among a group of firms in a market is cutting price
• D)Difficulties distinguishing drops in volume due to price cutting by rivals from drops in volume due to anticipated decreases in market demand
• E)All of the above

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Definitions:

Monthly Sales Quotas

Targets set for sales teams or individuals to achieve within a one-month period.

Effective Business Writing

The skill of conveying messages in the professional setting in a clear, concise, and purposeful manner to achieve a specific business objective.

Merchandise

Goods or products that are bought and sold, especially in the context of retail.

Medium

A means of communication or expression, such as newspapers, radio, or the internet.