True/False
The two operators of carriage tours in Victoria are in a price war with each other.Whenever one reduces its fare,its competitor reduces its fares by the same amount.This is an example of status quo pricing.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q114: What is product line pricing? What three
Q117: Two reasons are given to explain why
Q134: The Terra Vista Airport is a small
Q135: What are two effective pricing tactics,which can
Q136: What can a marketing manager do to
Q138: Which pricing method (skimming,penetration,or status quo)would be
Q141: When a firm introduces a new product
Q143: What is the basic assumption behind value-based
Q144: It's September and Sophia wants to buy
Q155: What are the three basic strategies for