Contemporary Marketing (MindTap Course List)
Contemporary Marketing (MindTap Course List)
17th Edition
ISBN: 9781305075368
Author: Louis E. Boone, David L. Kurtz
Publisher: Cengage Learning
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Chapter 19, Problem 2ALR
Summary Introduction

To discuss: The reason why competitive pricing is risky for marketers.

Competitive strategy: This price strategy decreases the emphasis on the price as a competitive variable through matching the competitors’ prices. It focuses on the other modes to differentiate the products.

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Students have asked these similar questions
Why is competitive pricing risky for marketers?
In what situations is cost-based pricing most suitable for businesses?
Can cost-plus pricing maximize profit? Why, or why not?
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