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. status quo
C. target profit
D. target return
E. sales


Answer: B

Business

You might also like to view...

One reason for preparing a process cost report for a particular department is to determine the amount of costs to transfer to the next department or to the Finished Goods Inventory account at the end of the period

Indicate whether the statement is true or false

Business

Congress has delegated the authority of making rules governing the conduct of business and labor in certain areas to ________

A) the federal courts B) the House of Representatives and the Senate C) the U.S. president D) administrative agencies

Business

Under the RUPA, a partner is a co-owner of partnership property

a. True b. False Indicate whether the statement is true or false

Business

Which of the following best describes the term "recognizance"?

A) It refers to the conditions of a formal or simple contract that an adult signs with a minor. B) It refers to the obligations that people enter into before a court to do an act required by law. C) It refers to the penalties that a party faces if the party fails to honor the obligations of a contract. D)It refers to negotiable instruments such as checks, notes, drafts, and certificates of deposit.

Business