One way to increase market share is to lower prices,and the best way to lower prices is to ____.
A) reduce costs
B) share information
C) train personnel
D) update equipment

Question

Quizplus · Accepted Answer

Lowering prices requires reducing costs, which can be achieved through various means such as cutting unnecessary expenses, streamlining processes, and negotiating better deals with suppliers. Sharing information, training personnel, and updating equipment may also help improve efficiency and reduce costs in the long run, but they are not direct ways to lower prices.

One Way to Increase Market Share Is to Lower Prices,and