Cost competitiveness means pricing a firm's products
A) lower than all competitors' products.
B) higher than all competitors' products.
C) equal to all competitors' products.
D) low enough to profit.
E) high enough to make the investors happy.

Question

Quizplus · Accepted Answer

Cost competitiveness means pricing a firm's products low enough to make a profit. This means that the pricing should not be higher than competitors' products, nor should it be lower than all competitors' products. It should be such that the company is able to earn a satisfactory profit margin while also being able to compete effectively in the market. Therefore, option D is the correct choice.

Cost Competitiveness Means Pricing a Firm's Products