Firms Using a Competitive Pricing Strategy Try to Reduce the Emphasis

question 129

True/False

Firms using a competitive pricing strategy try to reduce the emphasis on price competition by matching other firms' prices and concentrating their own marketing efforts on the product, distribution, and promotion elements of the marketing mix.

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Definitions:

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods from carbon dioxide and water.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Carbon Dioxide

A colorless gas with a density about 60% higher than that of dry air, contributing to the greenhouse effect and global warming.

Herbivore

An animal that feeds primarily on plants.