Question

Determining whether a company's prices and costs are competitive requires looking at the costs of a company's internally performed activities and the costs of its suppliers and forward channel allies (distributors/dealers). requires performing pricing surveys on at least a quarterly basis. involves developing close relationships with buyers to determine if the market is showing signs of increasing price sensitivity. typically involves the use of activity-based cost accounting by the company's key retail customers. is a technique to evaluate whether a capability or resource is valuable, rare, inimitable, or nonsubstitutable.

Answer 1

requires looking at the costs of a company's internally performed activities and the costs of its suppliers and forward channel allies (distributors/dealers).

Answer: Option A.

Explanation:

In today's world, the competition in the market for all the goods and the services has increased a lot and has gone cut throat competition. Substitutes of almost everything is available to the consumers.

So for this the producers should make sure that they are not charging high for a product else they might lose the customers and the race in the market. They should try to reduce the price of the goods as much as possible.