Five Pricing Practices Are Scrutinized Because of Potential Unethical or Illegal

question 78

Multiple Choice

Five pricing practices are scrutinized because of potential unethical or illegal actions. They are (1) predatory pricing, (2) price discrimination, (3) deceptive pricing, (4) geographical pricing, and (5) __________.

• A)price discounting
• B)lateral price fixing
• C)price fixing
• D)delayed payment pricing
• E)price discrimination

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Definitions:

Recovery Act

Refers to legislative acts aimed at promoting economic recovery, such as the American Recovery and Reinvestment Act of 2009 designed to stimulate the U.S. economy during a recession.

Prosecute Violators

To legally pursue and bring formal charges against individuals or entities that have broken the law.

Generators

Machines that convert mechanical energy into electrical energy for use in external circuits.

Hazardous Waste

Materials classified as dangerous or potentially harmful to public health or the environment.