A company adds several features to one of its products and reduces the product's price.What is most likely to be the company's objective?
A)To reduce turnover rate
B)To meet competition
C)To increase the prestige of the product
D)To decrease the product's market fluctuation rate

Question

Quizplus · Accepted Answer

By adding several features and reducing the price of the product, the company is trying to meet the competition in the market. This strategy helps the company to capture more market share by providing more value to the customers at a lower price.

A Company Adds Several Features to One of Its Products