Which of the Following Strategies Establishes a Price Based on the Actions

question 69

Multiple Choice

Which of the following strategies establishes a price based on the actions of rival firms?

• A) competition-based pricing
• B) cost-based pricing
• C) demand collection system
• D) bundling

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Definitions:

Lose-lose Conflicts

Situations in conflict resolution where all parties involved suffer losses or negative outcomes.

Avoidance

A conflict management style in which the person pretends that a conflict doesn’t really exist.

Accommodation

A conflict management style in which the person plays down differences and highlights similarities to reduce conflict.

Avoidance

The act of keeping away from or preventing the occurrence of something undesirable.