Company X lowers prices on its gaming systems two days before the traditional Day after Thanksgiving sales, causing other companies to adjust their pricing strategies accordingly, thereby demonstrating a ______________________.

Question

Quizplus · Accepted Answer

Company X's actions caused other companies to adjust their pricing strategies, which indicates a competitive scenario analysis. This suggests that Company X is actively monitoring its competitors and planning its pricing strategies accordingly. While a situation analysis, environmental survey, and SWOT analysis may also be relevant to understanding the market and competitive landscape, the specific example given in the question pertains to a competitive pricing strategy. A research analysis would generally involve a more comprehensive study of consumer behavior, market trends, or other factors that might inform pricing decisions, rather than a specific action taken by a single company.

Company X Lowers Prices on Its Gaming Systems Two Days