Which of the following can force a business and its competitors to compete on price alone?
A) High product differentiation
B) Poor process efficiency
C) Demand control
D) Transparent marketplace
E) Multiple competing suppliers

Question

Quizplus · Accepted Answer

A transparent marketplace can make prices visible and easily comparable for consumers, which puts pressure on businesses to lower prices to remain competitive. This can force businesses and their competitors to compete on price alone. High product differentiation, poor process efficiency, demand control, and multiple competing suppliers can all have the opposite effect and allow businesses to compete on factors other than price.

Which of the Following Can Force a Business and Its