A common "me-too" pricing policy by which the small business owner establishes his/her prices by monitoring competitor's prices and then matching them is called:

Unlike the United States, most countries across the globe rely on the _____ to measure units.

Fill in the blank(s) with the appropriate word(s).

The simplest pricing method is cost-plus pricing, which involves adding a standard markup to the cost of the product

Indicate whether the statement is true or false