Which of the following statements regarding competitive threats is incorrect?
A) Matching a price cut will be an ineffective strategy if the competitor simply reestablished the differential by a further price reduction.
B) A single response is rarely enough to stop price moves by competitors that are struggling to establish a market position.
C) If a price response is required, the strategist should focus the firm's competitive retaliation on those actions that are most cost-effective for the firm.
D) All of the answer choices.
Correct Answer:
Verified
Q54: Pertinent considerations for pricing industrial products or
Q55: If competitors are likely to continue to
Q56: Examples of pricing objectives include:
A)channel relationships.
B)achieving a
Q57: Pine River Equipment has developed a distinctly
Q58: The buyer's price sensitivity increases to the
Q60: _ are those that support a number
Q61: _costs include financing, storage, inspection, taxes, insurance,
Q62: Costs that support a number of activities
Q63: When challenged by an aggressive competitor, the
Q64: A firm developed a new component part
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents