Increasing competitive intensity is leading to relentless downward pressure on price.

Name: Increasing competitive intensity is leading to relentless downward pressure on price.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

When there is an increase in competitive intensity, there are more players in the market competing for the same customers. This leads to companies trying to differentiate themselves on price, which ultimately leads to downward pressure on price as they try to offer lower prices than their competitors.

Increasing Competitive Intensity Is Leading to Relentless Downward Pressure on Price