When a Small Business Is Faced with Price Competition from a Much

question 130

Multiple Choice

When a small business is faced with price competition from a much larger competitor,it should consider:

• A)going head-to-head on prices by lowering its cost structure.
• B)using non-price competition by offering value added service.
• C)make rapid,continual price changes to keep the competition off balance.
• D)move to a premium price strategy by offering higher scale goods and services.

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Definitions:

Death Penalty

The death penalty, also known as capital punishment, is a government-sanctioned practice whereby a person is put to death by the state as a punishment for a crime.

Racially Discriminatory

Practices, policies, or attitudes that lead to unequal treatment or outcomes for individuals based on race or ethnicity.

Capital Punishment

The legally authorized killing of someone as punishment for a crime, often referred to as the death penalty.

Death Penalty

A legal punishment involving the execution of an individual by the state as retribution for a crime.