Price wars usually begin when:
A)the economy is in turmoil.
B)when there are more than 4 competitors.
C)when one competitor believes that they can achieve a higher volume through lower price.
D)small businesses enter the market dominated by bigger giants.

Question

Quizplus · Accepted Answer

Price wars usually start when a competitor in the market believes that they can sell more products by reducing the price. This can lead to other competitors reducing their prices to remain competitive, eventually leading to a price war.

Price Wars Usually Begin When