By Using ________, a Company Deliberately Sets a Low Price

question 18

Multiple Choice

By using ________, a company deliberately sets a low price with the intention of driving its competition out of business.

• A) price-fixing
• B) price lining
• C) surge pricing
• D) predatory pricing
• E) loss leader pricing

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Definitions:

Stimuli

External or internal factors that elicit a response from a living organism or a system.

Reinforced

In behavioral psychology, reinforced refers to the process of strengthening a behavior by providing a consequence that increases the likelihood of the behavior's repetition.

Behaviorism

A theory of learning which states that all behaviors are acquired through conditioning, emphasizing the role of environmental factors.

Environmental Factors

Conditions and elements that exist outside the individual, influencing their behavior, development, and life processes.