A Competition-Based Pricing Strategy in Which All the Competitors in an Industry

question 31

Multiple Choice

A competition-based pricing strategy in which all the competitors in an industry follow the pricing practices of one or more dominant firms is known as

• A) market fixing.
• B) price penetration.
• C) price leadership.
• D) primary pricing.

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Definitions:

Parasite

A living entity that resides within or on a host organism, deriving its nourishment to the detriment of the host.

Lichen

Symbiotic organisms composed of a fungus and a photosynthetic partner (usually an alga or cyanobacterium) that live together and function as a single ecological unit.

Benefit From Each Other

A situation or relationship in which all parties involved gain advantages or positives from their association or interaction.

Plant Parasites

Organisms that derive nutrients at the expense of plants, often causing harm to their plant hosts.