Providing low prices is the most effective way for a small business to attract and maintain a growing customer base.

Question

Quizplus · Accepted Answer

While low prices may be a factor in attracting customers, it is not always the most effective strategy. Small businesses can also differentiate themselves through quality, customer service, unique products or services, and convenience. Maintaining low prices may also not be sustainable for a small business in the long run.

Providing Low Prices Is the Most Effective Way for a Small