Setting a Price So Low That Competitors Are Driven Out

question 214

Multiple Choice

Setting a price so low that competitors are driven out of a market and then boosting the price is called

• A) predatory pricing.
• B) a tying arrangement.
• C) resale price maintenance.
• D) price fixing.
• E) price discrimination.

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Definitions:

Dialog Box

A small window that prompts the user to make a decision or enter information, often part of a graphical user interface.

Format Painter

Format Painter is a tool found in many software applications that allows users to copy formatting from one object or text selection to another quickly.

Format Cells

The process of adjusting a cell's appearance or data type in a spreadsheet application.

Goal Seek Button

A tool in spreadsheet software that allows the user to find the input value needed to achieve a desired output by changing one variable.