Which of the following can force a business and its competitors to compete on price alone?
A)High product differentiation
B)Poor process efficiency
C)Demand control
D)Transparent marketplace

Question

Quizplus · Accepted Answer

A transparent marketplace, where customers have easy access to information on prices and products, can force a business and its competitors to compete on price alone. If there is no significant difference in product quality or features, customers will simply choose the lowest priced option. High product differentiation, good process efficiency, and demand control can all allow a business to compete on factors other than price.

Which of the Following Can Force a Business and Its