Examlex
When firms in a particular industry informally agree to charge the same price as the largest firm in that industry,it is called:
Agreement On Process
A mutual understanding or arrangement between parties on the methodology or procedure to be followed to achieve a goal.
Consensus Testing
A process used to gauge agreement within a group, aiming to reach a decision that is acceptable to all members.
Group Position
The rank or role that an individual holds within a group or organization.
Decision Buy-In
The process of gaining agreement and acceptance from stakeholders for a decision, ensuring commitment to its implementation.
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