A Plus-One Market-Based Pricing Strategy Means a Business Sets Its

question 41

True/False

A plus-one market-based pricing strategy means a business sets its price 1% higher than the competitors' price.

---

Definitions:

Jumper Cables

Electrical cables with clamps at both ends, used to start a vehicle by connecting its dead battery to a live battery.

Dead Vehicle

A vehicle that is unable to start or move due to mechanical or electrical failures.

Battery Load Test

A diagnostic procedure to evaluate a vehicle's battery's ability to hold a charge under simulated start-up loads.

Voltage Dropped

The reduction in electrical potential across a component or conductor as current passes through, indicative of resistance or load.