Respuesta :
Two factors that affect the competitive environment for pricing are
a. Consumer's access to pricing information from many competitors.
b. Companies' ability to change prices frequently.
A system where numerous businesses compete with one another utilizing diverse marketing channels, advertising strategies, pricing approaches, etc. is referred to as a competitive environment. Businesses should abide by the rules contained in this system. Direct competitors are the most obvious example of a competitive environment aspect, but additional examples include regulatory sources, indirect competitors, and societal and technical changes.
Whether it is used in team sports or intellectual endeavors, competition can have an impact on performance. However, most people concur that when a competitive setting is healthy, it aids participants in developing qualities referred to as sportsmanship.
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