Which of the following can force a business and its competitors to compete on price alone?
A) transparent marketplace
B) high product differentiation
C) poor process efficiency
D) demand control

Question

Quizplus · Accepted Answer

A transparent marketplace allows customers to easily compare prices across competitors, putting pressure on businesses to lower their prices in order to remain competitive. High product differentiation, on the other hand, allows businesses to set higher prices for unique or superior products. Poor process efficiency may lead to increased costs, but it does not necessarily force a focus on price competition. Demand control refers to addressing fluctuations in customer demand through effective inventory management, and does not necessarily impact pricing competition.

Which of the Following Can Force a Business and Its