Companies that price their product low enough to attract a large number of buyers are likely pursuing a goal of ________.
A) price stability
B) maximization of profits
C) market stability
D) high market share

Question

Quizplus · Accepted Answer

Companies that price their product low enough to attract a large number of buyers are likely pursuing a goal of high market share. By pricing their product low, they hope to capture a larger portion of the market and establish themselves as a dominant player in the industry. While this may not always lead to the highest profits in the short term, it can lead to long-term success and profitability as the company gains more customers and market share.

Companies That Price Their Product Low Enough to Attract a Large