Competitors:
A)with alternative products can force a company to lower its prices
B)can gain a competitive pricing advantage with knowledge of your costs and operating policies
C)may span international borders
D)All of these answers are correct.

Question

Quizplus · Accepted Answer

All of these answers are correct. Competitors can have a significant impact on a company's pricing strategy. Competitors with alternative products can force a company to lower its prices to remain competitive. Competitors who have knowledge of a company's costs and operating policies can gain a pricing advantage. Competitors may also span international borders, further increasing the complexity of pricing decisions.