To reduce price competition as much as possible, a seller should:
A)position its product to be as similar to those of rivals as possible.
B)position its product to be as different from those of rivals as possible.
C)strive to increase product demand as much as possible.
D)strive to keep product demand as steady as possible.

Question

Quizplus · Accepted Answer

By positioning the product as different from those of rivals as possible, the seller can create a unique value proposition and differentiate itself from competitors, thereby reducing price competition. This can lead to higher prices and greater profitability.

To Reduce Price Competition as Much as Possible, a Seller