Close attention should be paid to customer and competitor behaviour when managers are making both pricing and product mix decisions.

Name: Close attention should be paid to customer and competitor behaviour when managers are making both pricing and product mix decisions.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Close attention to customer and competitor behaviour is crucial for making informed decisions on pricing and product mix as it helps in understanding market trends, consumer preferences, and competitive landscape.

Close Attention Should Be Paid to Customer and Competitor Behaviour