During recessionary periods, how is it still possible for a business to compete?

Question

Quizplus · Accepted Answer

During recessionary periods, consumers become more cost-conscious and are looking for value in their purchases. Offering value-priced products can appeal to these consumers, allowing a business to remain competitive even when economic conditions are challenging. Reducing promotional outlays, raising prices, or curtailing customer service may negatively impact a business's competitiveness.

During Recessionary Periods, How Is It Still Possible for a Business