Question

Frequent price cutting by firms in an industry, frequent introduction of new products by firms in an industry and intense advertising campaigns are indications of: Group of answer choices

Answer 1

The correct answer is: High levels of direct competition.

Step-by-step explanation:

Competition in a market is almost inevitable but it could be considered a positive force driving companies to innovate constantly. New production processes and products, policies, and marketing strategies are the results of initially offering goods or services that do not differentiate one from another.