8. You see your competitor lower prices, so you respond by lowering prices even more, inflicting damage
Question:
8. You see your competitor lower prices, so you respond by lowering prices even more, inflicting damage on your competitor. After experiencing this several times, your competitor learns to keep its price high with yours. This type of pric ing strategy is referred to as what?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Agricultural Marketing And Price Analysis
ISBN: 9781478646907
1st Edition
Authors: F. Bailey Norwood
Question Posted: