When Delta increases its average fares, American Airlines and United often follow with similar increases. This is an example of
A)competitor orientation.
B)customer orientation.
C)status quo pricing.
D)adding value.
E)economy of scale.

Question

Quizplus · Accepted Answer

This is an example of status quo pricing, where rivals follow the price set by the market leader (in this case, Delta). It is not indicative of competitor or customer orientation, adding value, or economy of scale.

When Delta Increases Its Average Fares, American Airlines and United