If a small business has products that compete with one another, pricing decisions must take into account the effects of a single product price on the rest of the line.

Question

Quizplus · Accepted Answer

This is true because if a business lowers the price of one product, it could negatively impact the sales and perceived value of other products in the same line. Therefore, pricing decisions must consider how changes in one product's price will affect the overall profitability and success of the entire product line.

If a Small Business Has Products That Compete with One