Which of the following factors increases pressures for cost reductions?
A) Differences in distribution channels
B) Increasing national wealth
C) Great transportation needs
D) High switching costs
E) Price as the main competitive weapon in a market

Question

Quizplus · Accepted Answer

When price is the main competitive weapon in a market, companies are pressured to reduce costs in order to offer lower prices than their competitors.

Which of the Following Factors Increases Pressures for Cost Reductions