Answer: Status-quo pricing strategy
Step-by-step explanation:
From the given case/scenario, we can state that this industry is influenced by status-quo pricing strategy. This pricing strategy is referred to to as the strategy under which a company or organization copies the price level of the competitors or tries to maintain current price level for similar products, commodities or services available in market. The status quo is mostly defined by the way things persists , instead of the way it could be.
Answer:
-1is your answer to the question
The 4 is in the tenth place...so you have to look at the number beside it to see if you round up or down. It's a 6, which is greater than 5 so you round up.
3.5
8:24
4:12
100:300
All you have to do is multiply both sides by the same number to get an equivalent ratio.