Traditionally,Chinese companies have competed based on price but many are trying to move away from this strategy by:

Question

Quizplus · Accepted Answer

Developing higher-end products with more brand equity is the best choice. This move away from price competition is a strategic shift towards value-based competition, which could create a sustainable competitive advantage and higher profit margins. It also helps build brand loyalty among customers who value quality over low prices. The other options may help companies in different ways, but they do not necessarily address the issue of moving away from price competition.

Traditionally,Chinese Companies Have Competed Based on Price but Many Are