Multiple Choice Questions on Under which of the following situations is a company not likely to fix a lower price for its product........... for Commerce 12th Preparation

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Multiple Choice Questions

Under which of the following situations is a company not likely to fix a lower price for its product...........

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    Under which of the following situations is a company not likely to fix a lower price for its product?

    When the competition has introduced a substitute product

    Incorrect Answer

    If the demand for a product is inelastic

    Correct Answer

    When the company wants to attain market share leadership

    Incorrect Answer

    When the demand for the product is low

    Incorrect Answer
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    Explanation:

    If the demand for a product is inelastic

    By: santosh
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