Which of the following is crucial to a company's image when a competitor undertakes a price change?
A)Pre-empting the competitor's price change
B)Matching the competitor's price change
C)The timing of the response
D)Not following the competitor's price change

Question

Quizplus · Accepted Answer

The timing of the response is crucial as it can affect a company's image. If a company waits too long to respond, it may appear slow or unresponsive to its customers. On the other hand, if a company responds too quickly, it may appear reactive and may not have had enough time to consider the implications of the price change. It is important for a company to evaluate the situation carefully and respond in a timely and strategic manner.

Which of the Following Is Crucial to a Company's Image