Respuesta :
A firm charging a price identical to or very close to the competitions price is using a status quo pricing strategy.
A status quo pricing strategy involves setting our product price equal to some benchmark over time. In other words, it can be that we match our competitions price. If a firm keeps their price the same over time and guarantee that it won't change, that's a status quo pricing strategy.
For instance, the soft drink industry. The price of a bottle of soda tends to be fairly consistent, be it a Coca-Cola or a Pepsi product. Other competitors in market with less brand loyalty, may try discounted pricing, but Coca-Cola and Pepsi tend to represent a status quo in pricing.
Hence, status quo pricing seeks to keep your product prices in line with similar products offered by your competitions.
To learn more about status quo pricing here:
https://brainly.com/question/27994053
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