Why do price wars often erupt in certain industries (such as the automobile industry) but less frequently

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Why do price wars often erupt in certain industries (such as the automobile industry) but less frequently in other industries (such as the diamond industry)? What can firms do to discourage price wars or be better prepared for them?

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Global Strategy

ISBN: 9780357512364

5th Edition

Authors: Mike W. Peng

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Question Posted: Feb 17, 2024 11:00 PM

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Why do price wars often erupt in certain industries (such as the automobile industry) but less frequently

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Price wars tend to erupt in industries where products are relatively homogeneous or standardized there is intense competition and where there are low ...View the full answer

Global Strategy

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