Five Pricing Practices Are Scrutinized Because of Potential Unethical or Illegal

question 126

Multiple Choice

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

• A)price discounting
• B)deceptive pricing
• C)lateral pricing
• D)regional rollback pricing
• E)delayed payment penalties

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Definitions:

Exports

Goods or services provided by one country to another in exchange for foreign currency, contributing to a country's economic health.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Exchange Rate

The price of one currency in terms of another currency for conversion purposes.

Raspberries

A small, red, edible fruit from the genus Rubus, valued for its sweet taste and nutritional benefits.