Queeg Industries Sells All Types of Artists' Paintbrushes

question 62

Multiple Choice

Queeg Industries sells all types of artists' paintbrushes.When the owner of Queeg learned that Patterson Art,one of its biggest competitors in the region,had lowered its prices on all synthetic brushes by 5 percent,he did the same.Which type of pricing is this?

• A)status quo
• B)target return
• C)market share
• D)predatory

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Definitions:

University

An institution of higher education and research which awards academic degrees in various disciplines, providing both undergraduate and postgraduate education.

Recreation Centre

A facility that provides a variety of activities, amenities, and services for recreational and fitness purposes to the public.

Physical Activities

Any bodily movement produced by skeletal muscles that requires energy expenditure.

Percentages

A fraction or ratio with 100 understood as the denominator; used to express a proportion or a portion of the whole.