A Competition-Based Pricing Strategy in Which All the Competitors in an Industry

question 31

Multiple Choice

A competition-based pricing strategy in which all the competitors in an industry follow the pricing practices of one or more dominant firms is known as

• A) market fixing.
• B) price penetration.
• C) price leadership.
• D) primary pricing.

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Definitions:

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders (DSM-5), 5th ed.; the major classification of psychological disorders in the United States.

Binge-Eating Disorder

An eating disorder characterized by recurrent episodes of eating large quantities of food (often very quickly and to the point of discomfort); it’s marked by a feeling of loss of control during the binge.

Gambling Addiction

A compulsive need to continue gambling despite harmful negative consequences or a desire to stop, classified as a behavioral addiction.

World Health Organization

An international agency of the United Nations, established in 1948, responsible for promoting health, safety, and well-being worldwide.