The Major Disadvantage of Using Price Competition Is That It

question 126

True/False

The major disadvantage of using price competition is that it takes a long time to implement the changes in price.

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Definitions:

Unsatisfactory

A term used to describe a level of quality, performance, or outcome that does not meet established standards or expectations.

Truckload

The quantity of cargo that fills or nearly fills the cargo space of a truck, used as a shipping and logistics term.

Random Sample

A sample that is selected from a larger population in such a way that every individual has an equal chance of being included.

Timely Payments

Refers to the act of paying dues or bills on or before the due date.