The Practice of First Setting Prices Low with the Intention

question 144

Short Answer

The practice of first setting prices low with the intention of pushing competitors out of the market or keeping new competitors from entering the market, and then raising prices to normal levels is referred to as ________ pricing.

---

Definitions:

Collective Unconscious

The collective unconscious refers to a part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind, as opposed to the individual's unconscious.

Archetypal Themes

Universal, symbolic patterns that recur in myths, stories, and dreams, signifying common human experiences.

Ego Identity

Erikson's concept of a strong sense of self achieved through the resolution of crises at various developmental stages.

Diverse Clients

Refers to a broad spectrum of clients from different backgrounds, cultures, ethnicities, and personal experiences in a therapeutic setting.