After a Hurricane Hit Halifax a Few Years Ago, Local

question 30

Short Answer

After a hurricane hit Halifax a few years ago, local retailers increased the price of milk and gas by 50% in one day, even though all other stores in the province did not increase prices. These retailers were engaging in
conflict-of-interest pricing.
sharp business practices.
crisis-based pricing.
price gouging.
It is not possible to tell from the information that is given.

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Definitions:

Death Rates

The ratio of deaths in a particular population, location, or group to the total population, typically expressed per thousand or hundred thousand.

Business Leaders

Individuals recognized for their vision, leadership, and ability to influence the direction and success of their organizations.

Types Of Crises

Various situations or events that cause significant stress or danger, demanding immediate action to prevent or mitigate disaster.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.