In Response to Price Cuts from Competitors,a Cereal Company with Several

Multiple Choice

In response to price cuts from competitors,a cereal company with several more expensive and higher quality cereals introduced a lower-priced option to its product line.This is an example of which of the following responses to a competitor's price cut?

A) raising the perceived value of a product
B) improving product quality
C) accepting a reduced market share
D) launching a "fighting brand"
E) using high-low pricing