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A manager at JCPenney discovers that Dillard's has reduced the price of its children's Levi's from $ 3 1 . 9 9 to $ 2

A manager at JCPenney discovers that Dillard's has reduced the price of its children's Levi's from $31.99 to $24.99, according to an advertisement in the Sunday newspaper. She immediately phones her store and instructs the salesperson on duty to put a sign up next to their children's Levi's that reads, "SALE: $24.99." This is an example of what pricing strategy?
a. Comparison discounting
b. Secondary-market pricing
c. Reference pricing
d. Random discounting
e. Periodic discounting
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