Ethnocentrism Means

question 51

Multiple Choice

Ethnocentrism means

• A) the study of ethnic ideology.
• B) the attitude or belief that one ethnicity is shared by all.
• C) the attitude or belief that one's own cultural ways are superior to another.
• D) a force that ethnicity's apply to increase social complexity.

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Definitions:

Price Fixing

A practice where businesses agree on the selling price of their products or services, typically to prevent competition and increase profits, which is often illegal.

Geographical Pricing

A pricing strategy where the price of a product varies depending on the geographical location or market.

Predatory Pricing

A competitive strategy in which a business sets extremely low prices to eliminate competition and monopolize the market.

Bait and Switch

A deceptive marketing strategy where a customer is lured by the advertisement of a low-priced item but then is encouraged to buy a more expensive one.