Question

How might firms engage in price competition? A) Firms might advertise that they offer the lowest price on selected merchandise. B) Firms might promote the value their product offers for the price. C) Firms might join a coupon site to display their product’s price. D) Firms might offer free gifts to attract new customers.

Answer 1

How might firms engage in price competition?

Firms might advertise that they offer the lowest price on selected merchandise.

Step-by-step explanation:

Price is a key factor that determines patronage aside quality, once advertisement makes the price as their priority and maintain their quality it would increase their buyers or customers