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If Company a References Company B in Determining What Price

question 153

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If company A references company B in determining what price to sell its own product at, it exercises which pricing objective?


Definitions:

Implicit Bias

The subconscious association, belief, or attitude towards any social group, often influencing behavior without conscious awareness.

Self-Fulfilling Prophecy

A prophecy that, by means of a reinforcing feedback cycle between behavior and belief, turns itself into reality, whether it does so directly or indirectly.

Prejudice

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience.

Discrimination

The unfair treatment of various groups of individuals or objects based on race, age, or gender.

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