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:

Self-fulfilling Prophecy

A belief or expectation that brings about its own fulfillment, often influencing behavior that makes the original conception come true.

Attribution Errors

Misjudgments or biases in attributing causes to someone's behavior, often underestimating the influence of external factors and overestimating the influence of internal traits.

Tacit Knowledge

Describes knowledge that is difficult to transfer to another person by writing it down or verbalizing it, often acquired through personal experience.

Johari Window

A model that is used to improve understanding between individuals within a team. It is a tool for explaining and improving self-awareness, interpersonal relationships, group dynamics, and team development.