The Use of Price as a Competitive Weapon to Drive

question 102

Multiple Choice

The use of price as a competitive weapon to drive weaker competitors out of a national market is called:

• A) pillage pricing
• B) predatory pricing
• C) forward pricing
• D) competitive pricing
• E) war pricing

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Definitions:

Alternative Design

A different approach or solution, often proposed to address flaws in an original design concept.

Market-Share Liability

A legal theory holding manufacturers proportionately liable for damages based on their market share of a harmful product.

Prescription Drugs

Medications that are legally dispensed only with a medical prescription due to their potential side effects or risk of misuse.

Product Caused Injury

Refers to harm that results from the use of a manufactured item, often leading to legal action based on claims of negligence or defects.