Multiple Choice
Smart Feet Inc.produces shoes that are better quality and cost more to make than the shoes of its competitors.Smart Feet realizes that there will be a large difference between the cost to produce the shoes and the consumer's willingness to pay for them.Even so,Smart Feet decides to charge the same price as its competitors.Which of the following will most likely be the result of this action?
A) Smart Feet will go out of business.
B) Smart Feet will increase its marketability.
C) Smart Feet will gain market share.
D) Smart Feet will be bought by a competitor.
Correct Answer:
Verified
Correct Answer:
Verified
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