Ask Question
28 May, 05:05

When a firm initiates a price decrease, it must seriously consider how competitors will react. although not all competitors are alike, what is the firm advised to assume about competitor reaction?

+3
Answers (1)
  1. 28 May, 06:45
    0
    The firm initiates a price decrease, their projection on the competitors' reaction is they will also decrease their price to level with them. Starting a price decrease will affect the whole market of like products. Also, another angle that they considered is they will be reprimanded by their regulatory board.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When a firm initiates a price decrease, it must seriously consider how competitors will react. although not all competitors are alike, what ...” 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