What is the process of backlash competition? and why we need to set backlash competition.?

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Accepted Answer

Backlash competition is a process where companies compete by offering lower prices or better deals in response to each other's actions.

Backlash competition involves companies continuously adjusting their prices or offerings in response to competitors' actions.
It can lead to a cycle of price reductions or increased benefits for customers.
Setting backlash competition can help companies stay competitive in the market and attract more customers.
It can also lead to innovation and improvements in products or services.
Examples include price wars between airlines or discounts offered by retailers in response to competitors' sales.

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