When estimating a competitor's reaction to a price change which of the following should be assessed?
A)Their strategic objectives
B)Their past history
C)Their self interest
D)All of the above should be considered

Question

Quizplus · Accepted Answer

Assessing a competitor's reaction to a price change should take into account all the options listed in the question - their strategic objectives, past history, and self-interest. By analyzing these factors, it is possible to predict how the competitor will respond to the price change and to make informed decisions regarding the pricing strategy. Consideration of only one or two of these factors may not provide a complete picture of the competitor's potential reaction.

When Estimating a Competitor's Reaction to a Price Change Which