As long as the price and quality of a firm's products and services are competitive on a local basis, they have nothing to worry about.

Question

Quizplus · Accepted Answer

While price and quality are important factors, there are other variables that can impact a firm's success, such as marketing strategies, customer service, and product differentiation. Additionally, in today's global economy, firms must also consider competition from international markets. Therefore, simply having a competitive price and quality may not be enough to ensure success in the long-term.

As Long as the Price and Quality of a Firm's