Which of the Following Is a Weakness Associated with Competitor-Oriented

question 62

Multiple Choice

Which of the following is a weakness associated with competitor-oriented pricing?

• A)It is risky where a firm's cost position is weaker than its competitors
• B)It lets competitors dictate prices, therefore a loss of reputation as a market leader may emerge
• C)It doesn't take into account economic conditions that may affect pricing decisions
• D)It is too simplistic and easy to use

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Definitions:

Business Day

A day on which commercial banks are open for business, typically excluding weekends and public holidays.

Deposited

The act of placing money or another form of value into an account or repository.

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument, which allows it to be transferred or cashed.

Payees

Individuals or entities to whom money is payable, often seen in the context of checks or promissory notes.