4 years ago

when delta increase its average fares, american airlines and united often follow with similar increases. this is an example of

Social Studies

1 answer:

e-lub [12.9K]4 years ago

3 0

Answer:

This is an example of status quo pricing.

Explanation:

Status quo refers to <em>following an already established and existing way</em> of something. It is mostly regarding social norms.

Satus quo pricing is a strategy used by companies in which one <em>copies or maintains similar price levels</em> as the market or as the company's competitors. It is a strategy used generally when the companies don't want to move things around, maintaining the industry's status quo.

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