If Local Shell Gasoline Stations Look at BP Stations' Prices

question 63

Multiple Choice

If local Shell gasoline stations look at BP stations' prices as the primary method of determining its own prices, Shell is most likely using:

• A) price fixing; which considers competition to be less important than costs.
• B) price fixing; which considers costs to be less important than competitor's prices.
• C) market share pricing; which considers competition to be the ultimate pricing goal.
• D) competition-based pricing, which considers profit to be the ultimate pricing goal.
• E) competition­based pricing, which considers costs to be less important than competitor's prices.

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Definitions:

Obsessive-Compulsive Personality Disorder

A personality disorder marked by such an intense focus on orderliness, perfectionism, and control that the person loses flexibility, openness, and efficiency.

Cognitive Therapy

A type of psychotherapy focused on altering dysfunctional thoughts to improve emotional regulation and develop personal coping strategies.

Psychodynamic Therapy

A therapeutic approach that seeks to explore and understand unconscious processes as they manifest in an individual's present behavior and emotions.

Obsessive-Compulsive Personality Disorder

A condition characterized by a chronic preoccupation with rules, orderliness, and control.