Matthew told the manager of his gas station to always adjust prices to match those charged by the other convenience store across the street. Matthew is using a ________ pricing strategy.

A) maximizing profits
B) target profit
C) target return
D) status quo
E) sales

Status Quo

Refers to the current state or existing set of affairs, often used in the context of maintaining the same condition without change.

Pricing Strategy

A plan or approach used by businesses to set the prices of their products or services in order to maximize profitability and market share.

Gas Station

A facility selling fuel and lubricants for motor vehicles, often including convenience store items and services.