If a company wants to be a price-taker,which of the following strategies should be taken?

Name: If a company wants to be a price-taker,which of the following strategies should be taken?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In order to be a price-taker, a company must enter a competitive market where they have little to no control over the price of their product. Therefore, the best strategy would be to focus on cost cutting, in order to keep prices low and competitive with other companies in the same market.

If a Company Wants to Be a Price-Taker,which of the Following