Big Dog Building Is the One of the Largest Cement

question 346

Multiple Choice

Big Dog Building is the one of the largest cement companies in the Midwest. When the firm raised its prices by 11 percent, all of its competitors soon announced they too were raising their prices by 11 percent. It appears this industry is influenced by a ________ strategy.

• A) price skimming
• B) price leadership
• C) market pricing
• D) price discrimination

---

Definitions:

Management By Exception-Passive

A leadership style where the leader only intervenes or takes action in the case of significant deviations from expected performance.

Annual Performance Review

A yearly evaluation process in which an employee's work performance, achievements, and objectives are assessed by a supervisor or manager.

Contingent Reward

A leadership strategy where the leader sets specific goals and provides rewards to followers for achieving those goals.

Reciprocal Process

A mutual exchange or interaction in which two or more parties can influence each other in dynamic ways.