The Pricing Strategy in Which There Is an Explicit Agreement

question 107

Multiple Choice

The pricing strategy in which there is an explicit agreement among producers regarding price is called

• A)Price discrimination.
• B)Price-fixing.
• C)Price leadership.
• D)Marginal cost pricing.

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Definitions:

Induction

A disciplinary technique in which the parent tries to get the child to understand why a certain behavior was wrong. Listening, not lecturing, is crucial.

Bullying

A form of aggressive behavior characterized by repeated acts of physical, verbal, or social harm intended to intimidate, harm, or ostracize another individual.

Instrumental

Pertaining to actions or tools designed to achieve a specific purpose or carry out a particular function.

Reactive

The tendency to respond to stimuli or situations in a manner dictated by the stimuli themselves rather than initiating proactive actions.