Which of these is an example of price competition?
a) a new advertising campaign
b) a loyalty rewards program
c) a special holiday sale ***
d) a customer satisfaction survey
Yes, and b is also a form of price competition. Check your text to see which one the author thinks is correct.
The example of price competition among the given options is c) a special holiday sale.
Price competition refers to a marketing strategy where companies try to attract customers by offering lower prices on their products or services compared to their competitors. In this case, a special holiday sale as mentioned in option c) fits this definition.
To identify the example of price competition, you need to understand the concept of price competition first. Once you understand that price competition involves offering lower prices to attract customers, you can then look for the option that aligns with this definition. In this case, option c) stands out as a special holiday sale typically involves discounts or reduced prices during a specific time frame to attract customers with the lower prices on offer.
Therefore, option c) is the correct answer as it represents an example of price competition.