One of the Major Dangers of Competition-Based Pricing Is That

question 55

True/False

One of the major dangers of competition-based pricing is that it often results in price wars.

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Definitions:

Sales Promotion

A marketing strategy that involves short-term incentives to encourage the purchase or sale of a product or service.

Continuous Use

Continuous use refers to the repeated and ongoing employment of a product, service, or system, often indicating a level of dependency or habituation by the users.

Promotional Elements

Components of marketing communication, including advertising, sales promotions, public relations, and direct marketing.

Promotional Efforts

Activities and strategies implemented by a business to promote and advertise its products or services to increase sales or public awareness.