__________ Is the Procedure by Which One or More Dominant

question 7

Multiple Choice

__________ is the procedure by which one or more dominant firms set the pricing practices that all competitors in an industry follow.

• A) Affirmative pricing
• B) Target costing
• C) Price leadership
• D) First mover pricing

---

Definitions:

Act Globally

A strategy or approach that involves thinking and acting with a worldwide perspective, recognizing and leveraging global opportunities and challenges.

Questioning Skill

The ability to ask questions effectively, which is a crucial component in communication, problem-solving, and learning.

Values

are core beliefs or principles that guide and motivate attitudes and actions, influencing personal behavior and social interactions.

Motives

Internal drives that prompt individuals to act or behave in certain ways.