Which of the following strategies establishes a price based on the actions of rival firms?
A)Competition-based pricing
B)Cost-based pricing
C)Demand collection system
D)Bundling

Question

Quizplus · Accepted Answer

Competition-based pricing involves setting prices based on the actions and pricing strategies of rival firms in the industry. This strategy aims to stay competitive by setting prices that are similar to or slightly lower than rivals in the market.

Which of the Following Strategies Establishes a Price Based on the Actions