It is interesting that gasoline stations near one another normally have the very same price - down to the tenth of a cent a gallon! From a strategic pricing perspective, we can conclude gasoline stations tend to use a:
A) competition objective.
B) sales volume objective.
C) prestige objective.
D) loss avoidance objective.

Question

Quizplus · Accepted Answer

Gasoline stations often use a competition objective in their pricing strategy, aiming to match or slightly undercut the prices of nearby competitors to attract customers. This is why prices are very similar among stations in close proximity.

It Is Interesting That Gasoline Stations near One Another Normally