Ask Question
BusinessBusiness
13 April, 00:36

Which strategic approach tends to work best when price competition among rival sellers is vigorous, the market is large, and there are few ways to achieve product differentiation?

+4
Answers (1)
  1. 13 April, 03:10
    0
    Answer: A low-cost provider strategy

    Explanation:

    The low-cost provider strategy is a marketing strategy where the marketer makes his product the lowest priced in a very competitive market while still being able to make profit.

    The low-cost provider strategy would be the best sales strategy in a price competitive market, as it would draw most buyers to the seller.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which strategic approach tends to work best when price competition among rival sellers is vigorous, the market is large, and there are few ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Flamingos, Inc. has four departments. The Administrative Department costs are allocated to the other three departments based on the number of employees in each and the Maintenance Department costs are allocated to the Assembly and Packaging
Answers (1)
Which of the following is NOT an example of a transaction? A. An employer giving a paycheck to one of their employees for the hours they worked. B. An investor buying stock on the stock market. C. An individual paying for a new jacket. D.
Answers (1)
What entry did you make to close the fee earned account?
Answers (1)
In forward transactions A. currency is bought and sold for delivery later that same day. B. currencies may only be exchanged at rates set by governments well in advance. C. currencies are exchanged at a set date in the future. D.
Answers (1)
There are 100 used laptop g for sale on the market. 40% of them are in good condition, and the rest of them are broken, which is the common knowledge to the owners and the buyers. Owners of broken laptops are willing to sell them for $300.
Answers (1)
New Questions in Business
The sales department of a consumer products organization realized that its rivals were adopting new customer relationship management software to keep better track of their prospects.
Answers (1)
A company has the following per unit original costs and replacement costs for its inventory: Part A: 5 units with a cost of $5, and replacement cost of $4.00 Part B: 10 units with a cost of $6, and replacement cost of $7.
Answers (1)
Troy, who is 18, offers to sell Jenna, who is also 18, his car for $5,000. Jenna accepts Troy's offer, but only agrees to pay $4,500 for the car. Which of the following contract elements has not been met? a. Legality. b. Contractual Capacity. c.
Answers (1)
Overhead allocation based solely on a measure of volume such as direct labor-hours: A. is a key aspect of the activity-based costing model. B. will systematically overcost high-volume products and undercost low-volume products. C.
Answers (1)
Toby operates a small deli downtown. the deli industry is monopolistically competitive. toby says he is producing the quantity that minimizes his average total cost. assuming that toby is maximizing profits, his
Answers (1)
Home » Business » Which strategic approach tends to work best when price competition among rival sellers is vigorous, the market is large, and there are few ways to achieve product differentiation?
Sign Up Forgot Password?