The major disadvantage of using price competition is that it takes a long time to implement the changes in price.

Name: The major disadvantage of using price competition is that it takes a long time to implement the changes in price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is false as the major disadvantage of using price competition is not the time it takes to implement changes in price, but rather the potential for a price war between competitors which can ultimately hurt profits for all parties involved.

The Major Disadvantage of Using Price Competition Is That It