It's almost always a good idea for a small firm to try to compete on price.

Name: It's almost always a good idea for a small firm to try to compete on price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Competing on price alone can lead to a race to the bottom and ultimately decrease profits. Small firms may not have the resources to sustain price competition and should consider alternative strategies such as offering superior quality, customer service, or niche products to differentiate themselves in the market.

It's Almost Always a Good Idea for a Small Firm