Which of the Following Is a Valid Observation on Price-Based

question 107

Multiple Choice

Which of the following is a valid observation on price-based rivalry among existing competitors?

• A)It is damaging for the competitors and the industry in which they operate.
• B)It leads to quality-based competition and innovation.
• C)It results in hidden losses for the customers.
• D)It decreases the price sensitivity of customers.

---

Definitions:

Business Ethics

Standards of conduct and moral values regarding right and wrong actions in the work environment.

Business Person

A business person is an individual engaged in activities related to the creation, management, or operation of a business entity, aiming for profit and growth.

Loyalty

The commitment of a customer, employee, or other stakeholder to a company, brand, or product.

Social Responsibility

The practice of businesses making decisions and taking actions that positively impact society and the environment, beyond their financial obligations.