Retailers such as Home Depot and Lowe's, who offer to meet and beat the best price offered by their competitors, use the strategy of _____ pricing.

Name: Retailers such as Home Depot and Lowe's, who offer to meet and beat the best price offered by their competitors, use the strategy of _____ pricing.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

This strategy is known as competitive pricing, where retailers set their prices based on what their competitors are offering, with the intention to match or beat those prices to attract customers.

Retailers Such as Home Depot and Lowe's, Who Offer to Meet