Match Each Item with the Correct Statement Below

Multiple Choice

Match each item with the correct statement below.
-A(n) _____ is a pricing practice in which a firm raises prices and then wait to see if others follow suit.

A) competitive bidding
B) penetration pricing strategy
C) list price
D) trade discount
E) price flexibility
F) promotional pricing
G) loss leader
H) cannibalization
I) bundle pricing
J) odd pricing
K) transfer price
L) profit center
M) skimming pricing strategy
N) competitive pricing strategy
O) pricing policy
P) market price
Q) noncumulative quantity discount
R) step out
S) bot
T) cash discount