_______-based pricing is used when there are a small number of large service providers.
A) Demand
B) Profit
C) Competition
D) Supply
E) Cost

Question

Quizplus · Accepted Answer

Competition-based pricing is used when there are a small number of large service providers competing for market share. This approach involves analyzing the prices charged by competitors and setting prices at a similar level, in order to stay competitive.

_______-Based Pricing Is Used When There Are a Small Number