Identify a true statement about status quo pricing.
A)Itleads to optimal pricing of a product.
B)Itrequires serious planning and is difficult to implement.
C)It gives great importance to the demand and costs of a product.
D)Itcan lead to a pricing disaster.

Question

Identify a true statement about status quo pricing.
A)​Itleads to optimal pricing of a product.
B)Itrequires serious planning and is difficult to implement.
C)It gives great importance to the demand and costs of a product.
D)​Itcan lead to a pricing disaster.

Quizplus · Accepted Answer

Status quo pricing involves maintaining current prices or matching competitors' prices, which can lead to a pricing disaster if it doesn't account for changes in costs or market demand.

Identify a True Statement About Status Quo Pricing