The best pricing practice is to undercut competitors' prices.

Name: The best pricing practice is to undercut competitors' prices.
Brand: Quizplus
Rating: 4.7 (31 reviews)

Question

Quizplus · Accepted Answer

While undercutting competitors may seem like a good short-term strategy to attract customers, it is not sustainable in the long run. It can lead to a price war and ultimately harm profits for all businesses involved. It is better to focus on providing unique value propositions and differentiated products or services rather than solely competing on price.

The Best Pricing Practice Is to Undercut Competitors' Prices