If Luxury Spas, Renew Spas, and Relax Spas Are All

question 103

Multiple Choice

If Luxury Spas, Renew Spas, and Relax Spas are all competing in the spa market and Relax Spas consistently is the first to change prices, Relax Spas might be _________.

• A)offering to be the price leader
• B)signaling to the other firms to consistently lower their prices
• C)signaling to the other firms to consistently maintain their prices
• D)signaling to the other firms to consistently raise their prices

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Definitions:

Constructive Alternativism

The idea that we are free to revise or replace our constructs with alternatives as needed.

Freedom

The power or right to act, speak, or think as one wants without hindrance or restraint; often considered a fundamental human right.

Two-Factor Theory

A psychology theory proposing that emotions are based on physiological arousal and cognitive labeling of that arousal.

Self-Actualized Individuals

Persons who have achieved their fullest potential, realizing personal talent, self-fulfillment, and peak experiences, as described by Maslow.