Your competitor slashes prices to undercut you. How will you respond strategically?
When a competitor cuts prices dramatically, it can send shockwaves through your business. Suddenly, the value proposition you've carefully crafted seems at risk. But don't panic—this is an opportunity to respond strategically. Instead of rushing to slash your own prices, take a moment to assess the situation. Remember, a price war can erode profitability for everyone involved. Your response should be measured, thoughtful, and aligned with your long-term business development goals.
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Toshiyuki Tachibana, CPA, MBA and CMAJapan CFO
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Trinh NguyenVenture Acceleration | Business Architecture | Investor Search | Digital Business Development | Scale Up Workbench
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Dr. Shweta SinghEconomic Times Most Inspiring Women Leaders 2022, 23 & 24 II Times40Under40 II Entrepreneur || IP Attorney || Ennoble IP