When the total market is not growing a common strategy adopted is to stabilize prices.

Name: When the total market is not growing a common strategy adopted is to stabilize prices.
Brand: Quizplus
Rating: 4.7 (35 reviews)

Question

Quizplus · Accepted Answer

When the total market is not growing, stabilizing prices can be a strategy to maintain market share and avoid price competition. This can be achieved through various means such as cost-cutting measures, improving efficiency, or reducing promotions and discounts.

When the Total Market Is Not Growing a Common Strategy