Ryan gave the manager of his convenience store a set of binoculars so she could see the gasoline prices charged by the other convenience store at that intersection.Ryan told the manager to always match the gasoline prices of the other store.Ryan is using a _______ pricing strategy.
A) maximizing profits
B) target profit
C) target return
D) status quo
E) sales

Question

Quizplus · Accepted Answer

Ryan is using a status quo pricing strategy by matching the gasoline prices of the other store. This strategy aims to maintain the current price level and not initiate any pricing changes.

Ryan Gave the Manager of His Convenience Store a Set