GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A strategy that businesses often use marketing and some ads are against the competitors.
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advertising
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cost leadership
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alliance
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defensive strategy
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Explanation:
Detailed explanation-1: -Set competitive pricing. One of the easiest ways to beat your competition is to offer more affordable pricing. To determine the ideal price point, you need a clear picture of what your competition’s goods or services are priced at.
Detailed explanation-2: -If market share is lost to a competitor, there are several strategies that companies often use to fight back: lower prices, greater marketing efforts, and innovation.
Detailed explanation-3: -Cost leadership strategy. Differentiation leadership strategy. Cost focus strategy. Differentiation focus strategy. 10-Mar-2023
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