Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follows a status quo pricing policy, which means that it _______. a. enables management to recover its product development costs quickly b. discourages or blocks competition from entering a market c. charges a price identical to or very close to the competition's price d. expands production with the use of technological innovations and tools

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05-07-2022
Business

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Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follows a status quo pricing policy, which means that it _______. a. enables management to recover its product development costs quickly b. discourages or blocks competition from entering a market c. charges a price identical to or very close to the competition's price d. expands production with the use of technological innovations and tools

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ogorwyne ogorwyne · Answer 1 · 2022-07-11T10:40:29-04:00

Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follows a status quo pricing policy, which means that: option c, it charges a price identical to or very close to the competition's price.

What does the term status quo mean?

This is a term that has to do with the current state of affairs or the way that things may seem at the moment.

From the definition that we have here, it can be said that Coca cola is charging at the current state that similar products are charging.

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What does the term status quo mean?

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