Question

One of the ways to respond to a competitor that changes it's price would be to improve quality and increase price.
1. True
2. False​

Answer 1

Answer:

One of the ways to respond to a competitor that changes it's price would be to improve quality and increase price.

1. True

Explanation:

IDENTIFY PRODUCT'S STAGE IN LIFE CYCLE Sales Time.

UNDERSTAND MARKET'S PRICE AND QUALITY SENSITIVITY.

UNDERSTAND AND ANALYZE THE SITUATION.

IDENTIFY COMPETITORS INTENSIONS.

IDENTIFY ALTERNATIVE OPPURTUNITIES.

HOMOGENEOUS MARKET $ $ See if it is beneficial to industry Enhance the augmented product.

LOW COST COMPETITORS.