How to fight a price war?

How to fight a price war?

University

7 Qs

quiz-placeholder

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How to fight a price war?

How to fight a price war?

Assessment

Quiz

Business

University

Hard

Created by

Sophie Rudig-Mummert

Used 3+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

True or False?

A company should reveal its strategic intentions and capabilities to their rivals to possibily prevent a price war?

Media Image
Media Image

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Fill in the blank!

Another Non-Price Response includes the focus on _______ rather than price.

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Which complex price actions can be implemented efficiently in a price war?

Bundling

Loyalty programs

Multi-part Pricing

Quantity Discounts

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

True or False?

When competing in a price war the company should introduce new expensive products to establish quality trust.

Media Image
Media Image

5.

MULTIPLE SELECT QUESTION

20 sec • 1 pt

What are the risks involved in a simple price cut?

Teach customers to anticipate higher prices

Company might receive bad reputation

Doubt on product quality

6.

FILL IN THE BLANK QUESTION

45 sec • 1 pt

Fill in the blank!

Price cuts should be implemented _______ and unambiguously so that your competitors know that sales gains are only temporary and short-lived, thus monetarily attractive.

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which analysis is NOT part of the 4 major analysis concepts?

Customer issues

Company issues

Communication issues

Contributor issues