Which of the Following Intensifies Price Competition

question 39

Multiple Choice

Which of the following intensifies price competition?

• A)Non-price-related costs of using competing alternatives are high.
• B)Wider distribution of competitor and or substitution offers.
• C)Personal relationships have been established.
• D)Switching costs are high.
• E)Customer need for time and location specificity.

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Definitions:

Contingency Strategy

A plan prepared to address specific unforeseen events or situations that may impact the organization.

Marketing Strategy

A plan of action designed to promote and sell a product or service.

Tactical Strategy

Short-term focused actions and plans developed to achieve specific parts of a larger strategic goal.

Strategy Formulation

The process of creating strategies to achieve organizational goals, typically involving analysis, planning, and decision-making.