For most firms, price competition is the most important way to gain a competitive advantage over rivals.

Name: For most firms, price competition is the most important way to gain a competitive advantage over rivals.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

While price competition can be one way to gain a competitive advantage, it is not necessarily the most important. Other factors such as product quality, customer service, marketing, and innovation can also give firms a competitive edge.

For Most Firms, Price Competition Is the Most Important Way