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:

Average Tax Rates

The ratio of the total amount of taxes paid to the total income, providing a measure of the tax burden.

Taxable Income

The portion of an individual’s or entity’s income that is subject to income tax after all deductions and exemptions.

Progressive

A system or policy where the level of contribution or effort increases with some measure of capacity, such as a progressive tax system where higher income earns pay a higher rate.

Proportional

Relating to or denoting a relationship where elements vary together at a constant rate and a change in one element results in a corresponding change in another.