Competitive Strategy Interview Question:

For some products, competitive pressure may keep margins tight. To increase profit the organization may do which of the following-

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1. Reduce marketing expenditure; reduce costs.
2. Reduce marketing expenditure; increase the price.
3. Reduce marketing expenditure; increase the price.
4. Reduce costs; increase output.
5. Increase the price; reduce costs.

Answer: Reduce costs; increase output
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