A price match guarantee and a promise to pay 10% of the difference reduces the incentive for firms to compete with lower prices.

Name: A price match guarantee and a promise to pay 10% of the difference reduces the incentive for firms to compete with lower prices.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

A price match guarantee with an additional 10% of the difference discourages firms from lowering prices, as customers will always get the best price, reducing the competitive pressure to undercut rivals.

A Price Match Guarantee and a Promise to Pay 10