_____ is a form of competition-based pricing that involves charging the most prevalent price on the market for a service.
A) Value pricing
B) Price signaling
C) Fee for service pricing
D) Going-rate pricing
E) Price trimming

Question

Quizplus · Accepted Answer

Going-rate pricing involves pricing a product or service based on the prevailing market price. This strategy is commonly used in competitive markets where a company can differentiate its offering based on other factors such as quality, service, and features.

_____ Is a Form of Competition-Based Pricing That Involves Charging