Competition has become more oriented to value in relation to cost and service as knowledgeable buyers expect similar price and product and service features.

Question

Quizplus · Accepted Answer

This statement is true because in today's market, consumers are more informed and have higher expectations regarding the value they receive for their money. They often compare prices, product features, and service quality before making a purchase, leading to competition that focuses more on providing better value in terms of cost and service.

Competition Has Become More Oriented to Value in Relation to Cost