M&G Inc, a Company Producing Musical Instruments, Had Dominated Its Home

Multiple Choice

M&G Inc., a company producing musical instruments, had dominated its home market for several years before venturing into international markets. The company was focusing more on international operations until Beige N, a German company in the same business, entered its home market. Beige N started selling good quality products at prices much lower than M&G's and affected its sales adversely. Which of the following elements in the marketing environment has affected the business of M&G Inc. with the market entry of Beige N?

A) level of technology
B) structure of distribution
C) competition in the domestic market
D) cultural forces
E) promotion of the product