Ryan Gave the Manager of His Convenience Store a Set

question 26

Multiple Choice

Ryan gave the manager of his convenience store a set of binoculars so she could see the gasoline prices charged by the other convenience store at that intersection.Ryan told the manager to always match the gasoline prices of the other store.Ryan is using a _______ pricing strategy.

• A) maximizing profits
• B) target profit
• C) target return
• D) status quo
• E) sales

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Definitions:

Short-term Financing

Refers to borrowing options available to businesses for a period typically less than one year, to fulfill immediate financial needs.

Tight Credit

A financial condition where loans are difficult to obtain from banks or creditors, often due to strict lending standards or economic downturns.

Interest Rates

The cost of borrowing money or the return on savings, typically expressed as an annual percentage of the loan or investment amount.

Economic Conditions

The state of an economy at a given time, encompassing factors like inflation, employment rates, GDP growth, and overall market prosperity or decline.