Competitors are most likely to react to a price change when ________.
A) a large number of competitors are involved
B) the product is uniform
C) the buyers are not well informed about product features
D) buyers are not well informed about price differences
E) the products are not uniform

Question

Quizplus · Accepted Answer

Competitors are more likely to react to a price change when the product is uniform because it makes price a more significant factor in the purchasing decision, leading to increased price competition.

Competitors Are Most Likely to React to a Price Change