For long-run pricing decisions, using stable prices has the advantage of ________.
A) minimizing the need to monitor competitor's prices frequently
B) reducing the need to change cost structures frequently
C) reducing competition
D) helping to build buyer-seller relationships

Question

Quizplus · Accepted Answer

Stable prices help build trust and reliability in buyer-seller relationships, as customers can predict costs and plan accordingly.

For Long-Run Pricing Decisions, Using Stable Prices Has the Advantage