The solution to price competition is to develop a differentiated:

A. Product, price, and promotion

B. Offer, delivery, and image

C. Package and label

D. International Web site

Answer: Option B

Solution(By Examveda Team)

The solution to price competition is to develop a differentiated Offer, delivery, and image. Price competition is one of many ways that a product or service can compete in the marketplace. In price competition, two products which are substantially similar are judged by prospective consumers on their respective pricing, with the purchase made mostly on the basis of which is cheaper.

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The four unique elements to services include:

A. Independence, intangibility, inventory, and inception

B. Independence, increase, inventory, and intangibility

C. Intangibility, inconsistency, inseparability, and inventory

D. Intangibility, independence, inseparability, and inventory