particular type of competition dramatically influences the range of price competition and,in turn,
A) the nature of product differentiation and extent of advertising.
B) the nature of product differentiation and extent of on-hand inventory.
C) the degree of involvement with each of the organization's stakeholders.
D) the degree of involvement with both retailers and wholesalers.
E) the relationship between product lines and product classes.

Question

Quizplus · Accepted Answer

The type of competition determines the level of differentiation required to stand out in the market, which can affect the range of prices that organizations can charge. This also influences the extent of advertising needed to differentiate the product and make it attractive to consumers.

Particular Type of Competition Dramatically Influences the Range of Price