Question

A firm offering almost same benefits to customers at a much lower price is known as _______
benefit parity
cost parity
price parity
competitive parity

Answer 1

Answer:

I think it is competitive parity

Explanation:

Hence it is not used in a business after a reach of equilibrium

Answer 2

Answer:

Cost Parity

Explanation:

The organizations are offering the same products at a lower price so that the customers of all the classes are attracted to those products with almost the same benefits. However, many organizations do not consider as a fair practice. Thus, the correct answer is cost parity.