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.

---

Definitions:

Institutional Ageism

Discriminatory policies and practices within institutions that favor younger individuals over older ones, often manifesting in employment, healthcare, and media representation.

Functionalism

Functionalism is a theoretical perspective in sociology and anthropology that interprets each part of society in terms of how it contributes to the stability of the whole society.

Conflict Theory

A sociological perspective that focuses on the tensions, struggles, and conflicts that arise from inequalities within society.

Canadian Pension

A retirement plan funded by the government of Canada, designed to provide financial support to its citizens during retirement.