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    in Most Cases, A Company Sets The Price Instead of It Being Set by The Competitive Market

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    Camille Salas
    A company usually sets its own price rather than the competitive market determining it. In a truly competitive market, a company must accept the market price and focus on reducing and managing costs. When facing competition, a business has to price its products and services based on what rivals charge rather than choosing its own price.

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    in Most Cases, A Company Sets The Price Instead of It Being Set by The Competitive Market

    Uploaded by

    Camille Salas
    32 views1 page
    A company usually sets its own price rather than the competitive market determining it. In a truly competitive market, a company must accept the market price and focus on reducing and managing costs. When facing competition, a business has to price its products and services based on what rivals charge rather than choosing its own price.

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    A company usually sets its own price rather than the competitive market determining it. In a truly competitive market, a company must accept the market price and focus on reducing and managing costs. When facing competition, a business has to price its products and services based on what rivals charge rather than choosing its own price.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    32 views1 page

    in Most Cases, A Company Sets The Price Instead of It Being Set by The Competitive Market

    Uploaded by

    Camille Salas
    A company usually sets its own price rather than the competitive market determining it. In a truly competitive market, a company must accept the market price and focus on reducing and managing costs. When facing competition, a business has to price its products and services based on what rivals charge rather than choosing its own price.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
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    1. In most cases, a company sets the price instead of it being set by the competitive market.

    2. In a competitive market, a company is forced to act as a price taker and must emphasize
    minimizing and controlling costs.

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