The Practice of Firms Temporarily Reducing Prices in Order to Eliminate

question 66

Multiple Choice

The practice of firms temporarily reducing prices in order to eliminate competition is called:

• A) competitive pricing.
• B) predatory pricing.
• C) discount pricing.
• D) strategic pricing.

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Definitions:

Divorced

The status of having legally dissolved one's marriage, thereby ending the marital relationship and its legal responsibilities and duties.

Remarriage rates

The statistical measure of how often individuals who have been divorced or widowed enter into subsequent marriages.

Stepfamily

A household in which two adults who are biological or adoptive parents (heterosexual, gay, or lesbian) with a child from a previous relationship marry or cohabit.

Cohabiting family

A family unit consisting of an unmarried couple living together in a long-term relationship, potentially with children.