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Alchen [17]
3 years ago
6

Sometimes reactions to prices in oligopolistic markets can result in _________, which occurs when two or more firms compete prim

arily by lowering their prices.A. a recessionB. a price warC. a lawsuitD. a profit-oriented strategyE. a competitor-oriented strategy
Business
1 answer:
Ray Of Light [21]3 years ago
3 0

Answer:

B. a price war

Explanation:

A price war -

It is the type of competition between the company selling the similar type of product , or rival companies who tries to reduce the price of the product strategizing in a way to apprehend the wider area of the market , is known as a price war .

Reduction of the price of any goods or commodity is considered to be one of the best method to increase its market share ,

because as soon as the price of any good decreases , the sales automatically increases , as the consumers are always in search of some discounts and good deals .

A price war can be short term , as well as long term .

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ankoles [38]

Answer: The correct option is C.

Explanation: From the scenario given above, we can see that Thomas has not shown any intention to replace the expensive team members, the only option in this case would then be to properly utilize their expertise to the advantage of the company.

In order to do this therefore, a SWOT analysis would need to be carried out and utilized in gaining an edge over the competition.

In this case, Thomas would make sure that the expertise of all his team members are brought to bare, the company would analyze the competition to see where it is lacking in customer satisfaction, and then try to gain the upper hand by including features in their product that the competition does not have in theirs.

This strategy will help in achieving a competitive advantage.

5 0
2 years ago
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Alex787 [66]

Answer:

The eBay website provides a platform for the small business to grow and do business using their sites.

Explanation:

eBay is a multinational e-commerce company situated on California. The company sells goods and items that is registered on its site.

Recently eBay, the e-commerce giant has pledge a 100 million dollar to support and help the small business of America. For this eBay is :

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8 0
2 years ago
Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough pr
kondaur [170]
<h2>Quality controller or Quality Checker is the job title of Sarai.</h2>

Explanation:

The role of QC is

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6 0
3 years ago
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sineoko [7]
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3 years ago
Continuing an experimental condition until staffing patterns stabilize is a strategy for avoiding a confound due to
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What are the answers choices ?! I need to know so I can help and not get you wrong
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2 years ago
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