The Practice of Charging a Very Low Price for a Product

question 99

Multiple Choice

The practice of charging a very low price for a product with the intent of driving competitors out of business or out of a market is called ______________.

• A) status quo pricing
• B) predatory pricing
• C) price skimming
• D) penetration pricing

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Definitions:

Stitch Welded

A welding process where welds are made at intervals along the pieces being joined, rather than in a continuous seam, to hold the pieces together while limiting heat distortion.

AWS E-11018

A specification for a type of covered electrode used in shielded metal arc welding, known for its excellent mechanical properties and crack resistance.

Kingpin

A critical pivot point in the steering mechanism of a vehicle, around which the steerable wheels rotate.

Grade 8

Refers to high-quality, high-strength fasteners made of medium carbon alloy steel, marked with six radial lines on the head.