Gas prices in Belleville and Kingston,ON were allegedly fixed in an anti-competitive manner during 2007,and a settlement,admitting no wrong-doing,was reached with Pioneer Energy,Canadian Tire,Mr. Gas and Sunoco. Which type of strategy did the four firms implement?

Question

Quizplus · Accepted Answer

The four firms reached a settlement, admitting no wrong-doing, indicating a reactive strategy where they responded to the allegations rather than implementing a proactive or accommodative strategy. The offensive strategy involves taking aggressive actions to gain a competitive advantage, and accommodative strategy involves making changes to address the issue and satisfy stakeholders.

Gas Prices in Belleville and Kingston,ON Were Allegedly Fixed in an Anti-Competitive