Because _____ is not an ideal situation for many businesses, most of them try to get around price competition by focusing on differentiating their products and offering more value to customers than their competitors.

Question

(1 point)
Responses

quality control

quality control

brand equity

brand equity

price reduction

price reduction

life-cycling

Answer 1

The best option to fill in the blank is price reduction.

So the complete sentence would be: "Because price reduction is not an ideal situation for many businesses, most of them try to get around price competition by focusing on differentiating their products and offering more value to customers than their competitors."