Companies sometimes initiate price cuts in an attempt to dominate the market through lower costs.

Name: Companies sometimes initiate price cuts in an attempt to dominate the market through lower costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Companies may use price cuts as a strategy to gain a larger market share by offering lower prices than their competitors. This can be effective in attracting price-sensitive consumers and potentially pushing competitors out of the market.

Companies Sometimes Initiate Price Cuts in an Attempt to Dominate