price competition

What are the Disadvantages of Price Competition?

1. Reduced Margins: Continuous price reductions can erode profit margins, making it unsustainable in the long run.
2. Quality Compromise: Companies may cut costs in ways that affect product quality, leading to customer dissatisfaction.
3. Price Wars: Intense price competition can lead to destructive price wars, harming industry profitability.
4. Market Perception: Excessive focus on price can damage a brand's perception, making it seem like a low-quality option.

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