The benefit of competition-driven pricing is the fact that it ignores differences in operating expenses and customer perceived value?

Name: The benefit of competition-driven pricing is the fact that it ignores differences in operating expenses and customer perceived value?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Competition-driven pricing considers market competition but does not inherently ignore operating expenses or customer perceived value; these factors can still be integrated into pricing strategies.

The Benefit of Competition-Driven Pricing Is the Fact That It