If a company is altering the price of its product to compete with the local companies in the international market, it is most likely focusing on the component of the product, according to the product component model.
1) support
2) design
3) packaging
4) maintenance
5) core

The correct option is 3

Explanation:

Packaging is one of the vital factor or element of the product, which is defined as the wrapping the material or the product that serves to identify, display, describe, promote, contain and protect the product marketable.

The motive of the packaging the product is to protect the product from damage while in transit as well as serve for competing in the market with other products. So, if the company is involved in altering the price of the product to compete, it is focusing on the packaging of the product.

answer; exemplars;