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

Question

Quizplus · Accepted Answer

Status quo pricing involves maintaining the current pricing of a product without considering changes in demand, costs, or competition. This can lead to a pricing disaster as the market changes and competitors introduce new products or pricing strategies. While it may require minimal planning and implementation effort, it does not necessarily result in optimal pricing of a product.

Identify a True Statement About Status Quo Pricing