Which of the Following Is Most Likely to Be a Reason

question 35

Multiple Choice

Which of the following is most likely to be a reason for a firm to price a product above competition?

• A) The firm is selling a homogenous product.
• B) Demand for the product is price elastic.
• C) The firm is a price leader in the industry.
• D) This approach represents the collective wisdom of the industry.

---

Definitions:

Organizational Performance

The measure of how effectively an organization achieves its objectives and goals through its resources and processes.

Existing Strategy

A previously formulated plan or approach that an individual, group, or organization follows to achieve specific goals or outcomes.

Crisis Situation

A complex and urgent scenario that requires immediate attention and action to prevent or mitigate disaster.

Decisive

Characterized by or displaying no hesitation; resolutely determined.