Charging a Very Low Price for a Product with the Intent

question 25

Multiple Choice

 Charging a very low price for a product with the intent of driving competitors out of business is referred to as _____.

• A) cannibalization
• B) price fixing
• C) predatory pricing
• D) deceptive pricing

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Definitions:

Supreme Court of Canada

The highest court in Canada, which serves as the final court of appeal for legal issues in the country.

Appeals

The process of challenging a decision made by a lower court by asking a higher court to review and change the decision.

Private Citizens

Individuals in their capacity outside of public or official roles, typically subject to personal legal rights and obligations.

Alternate Dispute Resolution

A range of procedures such as mediation and arbitration used to resolve disputes without going to court.