Jameson Has Wanted to Purchase an Alarm System for His

question 66

Multiple Choice

Jameson has wanted to purchase an alarm system for his car for a couple of months and has been waiting for the right price.Last week,Jameson watched as the price for the alarm system he wanted shot up.The next month the price came back down.Jameson has just observed ____________________.

• A) Price fixing
• B) Price discrimination
• C) Deceptive pricing
• D) Bait & switch
• E) Predatory pricing

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Definitions:

Transferable Resources

Assets or capabilities that can be used or applied in different areas within an organization or in different contexts.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors.

Core Competence

A primary area of expertise or strength of an organization that gives it a competitive advantage.

Short-Term Advantage

A temporary benefit that gives a business a competitive edge over its rivals in the immediate term.