While lower prices may attract additional customers, it is possible for pricing strategies to result in the product becoming a commodity in the customers' eyes.

Name: While lower prices may attract additional customers, it is possible for pricing strategies to result in the product becoming a commodity in the customers' eyes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

By constantly lowering prices, customers may start to view the product as cheap and lacking in value, reducing their willingness to pay for it and treating it like a commodity.

While Lower Prices May Attract Additional Customers, It Is Possible