Answer: a. Prestige Buyer
1] Competitor strategically weaker, price reaction too costly | i] Attack |
2] Competitor strategically stronger, price reaction too costly | ii] Adjust |
3] Competitor strategically weaker, price reaction is cost justified | iii] Ignore |
4] Competitor is strategically stronger, price reaction is cost justified | iv] Defend |
v] Accommodate | |
vi] Offend |
Answer: b. 1-iii, 2-v, 3-i, 4-iv