Pricing a product at competition is called _____ pricing and is popular for homogeneous products.
A) sealed-bid
B) bundle
C) odd-even
D) going-rate

Question

Quizplus · Accepted Answer

Pricing a product at competition is called going-rate pricing and is popular for homogeneous products, since this approach represents the collective wisdom of the industry and is not disruptive of industry harmony.

Pricing a Product at Competition Is Called _____ Pricing and Is