Which action would a firm take if following a status quo pricing policy?
A) Charge a price identical to or very close to the competition's price.
B) Discourage or block competition from entering a market.
C) Enable management to recover its product development costs quickly.
D) Expand production with the use of technological innovations and tools.

Question

Quizplus · Accepted Answer

A status quo pricing policy involves setting prices that are similar or identical to competitors' prices to maintain market stability and avoid price wars.

Which Action Would a Firm Take If Following a Status