If Local Shell Gasoline Stations Look at BP Stations' Prices

question 115

Multiple Choice

If local Shell gasoline stations look at BP stations' prices as the primary method of determining its own prices, Shell is using

• A) price fixing, which considers competition to be less important than costs.
• B) price fixing, which considers costs to be less important than competitor's prices.
• C) market share pricing, which considers competition to be the ultimate pricing goal.
• D) competition-based pricing, which considers profit to be the ultimate pricing goal.
• E) competition-based pricing, which considers costs to be less important than competitor's prices.

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The understanding of concepts, facts, and procedures that is acquired through thought processes, such as reasoning or remembering.

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