In competition-based pricing,_________ will base their judgments of a product's value on the prices that competitors charge for similar products.
A) competitors
B) consumers
C) producers
D) manufacturers
E) clients

Question

Quizplus · Accepted Answer

Competition-based pricing involves setting prices based on the prices charged by competitors for similar products. Therefore, the primary focus of this pricing strategy is to appeal to consumers and gain a competitive advantage.

In Competition-Based Pricing,_________ Will Base Their Judgments of a Product's