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If a company prices its product higher than similar products of its competitors, one of two things is likely to occur. Identify these two possibilities.

If a company prices its product higher than similar products of its competitors, one of two things is likely to occur. Identify these two possibilities.
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4 votes
If a company prices its product higher than similar products of its competitors, one of two

things is likely to occur. Identify these two possibilities.

asked
User Vincent Scheib
by
8.2k points

1 Answer

2 votes
They might lose market, because people would go for the cheaper products

Also it could be assumed the products might be of higher quality.
answered
User Serial
by
8.7k points
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