When competition is keen or expected to increase in the near future, what would cause a product to be more attractive to buyers and the market less attractive to the competition?
A) Flooding the market
B) Skimming pricing strategy
C) Perception marketing
D) Low prices

Question

Quizplus · Accepted Answer

Low prices can make a product more attractive to buyers by offering better value, while simultaneously making the market less attractive to competitors due to reduced profit margins.

When Competition Is Keen or Expected to Increase in the near Future