If Canon Camera Company follows a high-price,high-margin strategy,what will competitors such as Nikon,Minolta,and Pentax most likely do?
A) They will go out of business.
B) They will want to compete against Canon.
C) They will advertise less.
D) They will bundle their products.
E) none of the above

Question

Quizplus · Accepted Answer

Competitors such as Nikon, Minolta, and Pentax would most likely want to compete against Canon by either differentiating their products or lowering their prices to attract customers who are price-sensitive. They may also invest in advertising to communicate their unique value propositions compared to Canon. It is unlikely that they would go out of business, bundle their products, or advertise less since these actions may not effectively address the challenge posed by Canon's high-price, high-margin strategy.

If Canon Camera Company Follows a High-Price,high-Margin Strategy,what Will Competitors