Multiple Choice
In the context of rivalry, which of the following statements is true of products by a firm?
A) Differentiated products engender loyalty in customers.
B) Standardized products make it difficult for people to switch brands.
C) Firms that sell differentiated products often have to compete by offering discounts.
D) Product price wars decrease rivalry and increase profits.
Correct Answer:
Verified
Correct Answer:
Verified
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