Elliot’s business now has a lot of competitors and will likely face stiff price competition that may result in him having to lower his prices.
Elliot runs a car wash that does pretty good business; however, three new car washes have opened up all within three blocks of his business. This means that Elliot’s business now has a lot of competitors and will likely face ______ that may result in him having to lower his prices?
(1 point)
Responses
stiff price competition
stiff price competition
mild price competition
mild price competition
minor consumer competition
minor consumer competition
slight branding competition
1 answer
1 answer