Which of the following is an advantage of status quo pricing?
A)It leads to optimal pricing of a product.
B)It maintains an organization's differential advantage.
C)It gives greater importance to the demand and costs of a product.
D)It requires little planning.

Question

Quizplus · Accepted Answer

Status quo pricing requires little planning because it involves maintaining current prices or matching competitors' prices, rather than conducting extensive market research or analysis.

Which of the Following Is an Advantage of Status Quo