The Practice of Selling Below Cost for the Purpose of Eliminating

question 69

Multiple Choice

The practice of selling below cost for the purpose of eliminating competition is called:

• A) group boycotting.
• B) predatory pricing.
• C) price skimming.
• D) price gouging.

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Definitions:

Cultural Influences

The effects that the customs, beliefs, practices, and social behavior of people within a specific culture have on their members' actions and perceptions.

Biological Influences

Factors related to genetics, brain chemistry, and physical health that affect an individual’s behavior and mental processes.