Price competition among firms has proved to be more important than the introduction of new products.

Name: Price competition among firms has proved to be more important than the introduction of new products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price competition is a significant factor in many markets, but the introduction of new products can be equally or more important for firms to differentiate themselves, enter new markets, and sustain long-term growth. Innovation drives competitive advantage and market leadership.

Price Competition Among Firms Has Proved to Be More Important