Take Test: 2024 BB QUIZ 5
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Take Test: 2024 BB QUIZ 5
Test Information
Description
Instructions
Timed TestThis test has a time limit of 30 minutes.You will be notified when time expires, and you may continue or submit.
Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain.
Multiple AttemptsNot allowed. This test can only be taken once.
Force CompletionThis test can be saved and resumed later. The timer will continue to run if you leave the test.
This test does not allow backtracking. Changes to the answer after submission are prohibited.
Your answers are saved automatically.
Less than half of the time remains.Remaining Time: 14 minutes, 37 seconds.
Expand Question Completion Status:
Question 8 of 14 Next QuestionUnsaved change Moving to the next question prevents changes to this answer.
In the airline industry, the leading firm that has a significant market share usually sets the price in the market using its market power. In that case, other small airline firms have to adjust themselves to that price level.
What kind of pricing strategy is used in the scenario? (2)
A.
Leadership pricing
B.
Exchange over the internet
C.
Bundle pricing
D.
Competitive bidding pricing