A firm is most likely to be concerned about a competitor's matching or beating its prices if that firm is involved with
A) nonprice competition.
B) price competition.
C) subjective pricing.
D) cost-based pricing.

Question

Quizplus · Accepted Answer

A firm involved with price competition is most likely to be concerned about a competitor's matching or beating its prices because its competitive strategy relies heavily on pricing to attract customers.

A Firm Is Most Likely to Be Concerned About a Competitor's