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
I just took the test and it is actually c. a special holiday sale
The correct answer is C. a special holiday sale.
Price competition refers to a marketing strategy where businesses compete primarily based on the price of their products or services. This means that they try to attract customers by offering lower prices compared to their competitors.
In this case, a special holiday sale is an example of price competition because it involves reducing prices to attract customers during a specific holiday period. By offering discounts or promotional pricing, businesses aim to increase sales and market share by appealing to price-sensitive consumers.