In which of the following service industries would you most likely find the service provider using competition-based pricing?
A) Banking industry
B) Hospital industry
C) Legal services
D) Tax accounting business
E) Retail book industry

Question

Quizplus · Accepted Answer

Competition-based pricing is most commonly used in retail industries, such as the retail book industry, where pricing is based on the prices of competitors. Other service industries, such as banking, hospital, legal services, and tax accounting, typically use other pricing strategies, such as cost-plus pricing or value-based pricing.

In Which of the Following Service Industries Would You Most