Which of the following statements describes an advantage of status quo pricing?
A) Status quo pricing is derived from actual costs of manufacturing.
B) Status quo pricing maintains the organization's differential advantage.
C) Status quo pricing is active,not reactive.
D) Status quo pricing causes price wars.
E) Status quo pricing requires little planning.

Question

Quizplus · Accepted Answer

Status quo pricing requires little planning because it involves just copying the competitions' pricing policies.

Which of the Following Statements Describes an Advantage of Status