Big Dog Building Is the One of the Largest Cement

question 346

Multiple Choice

Big Dog Building is the one of the largest cement companies in the Midwest. When the firm raised its prices by 11 percent, all of its competitors soon announced they too were raising their prices by 11 percent. It appears this industry is influenced by a ________ strategy.

• A) price skimming
• B) price leadership
• C) market pricing
• D) price discrimination

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Definitions:

9-pin Green Deutsch

A specific type of durable, waterproof electrical connector commonly used in automotive and marine applications for secure electrical connections.

Multiplexed Truck Chassis

A complex electrical system in trucks that allows multiple signals to be sent over a single data bus, enhancing functionality and diagnostics.

Reduction

The process of decreasing or lowering the size, amount, or degree of something.

Hard Wire Circuit

A direct and permanent electrical circuit, often used in contrast to a wireless connection or temporary plug-and-play devices.