Asked by
Yariksa Venzor
on Oct 12, 2024
Verified
A cutthroat competitor will not lower their price because they believe that
A) their competitors will lower their prices too.
B) their competitors will raise their prices.
C) they will lose money.
D) they will be accused of unfair competition.
Cutthroat Competitor
A business or firm that aggressively competes in the market, often through pricing strategies, innovation, or marketing, to capture a significant share from rivals.
Lower
To decrease in position, value, or amount.
Price
The amount of money required to purchase a good, service, or asset. It acts as a signal to both buyers and sellers in a market.
- Absorb information regarding the spectrum of market phenomena and organizational types, including vehement competition, mutual understandings, and oligopoly forms.
Verified Answer
NG
Learning Objectives
- Absorb information regarding the spectrum of market phenomena and organizational types, including vehement competition, mutual understandings, and oligopoly forms.