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Mariam has been lowering the prices of her products on regular basis which has caused a great damage to the image of her brand. Mariam's

Mariam has been lowering the prices of her products on regular basis which has caused a great damage to the image of her brand. Mariam's mistake was;
a. She overestimated the power of price valuation
b. She underestimated the power of competition
c. She didn't assess the target market reaction to price changes
d. She trusted her guts and long experience in the market
e. All of the above
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