The Practice of Charging a Very Low Price for a Product

question 208

Multiple Choice

The practice of charging a very low price for a product with the intent of driving competitors out of business is referred to as

• A) price fixing.
• B) predatory pricing.
• C) price discrimination.
• D) deceptive pricing.
• E) geographical pricing.

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Definitions:

Heterozygous

A genetic condition where an individual has two different alleles of a gene.

Dominant–Recessive Pattern

The interaction of a heterozygous pair of alleles in such a way that the phenotype reflects one allele (the dominant gene) more than the other (the recessive gene).

Additive Pattern

A situation or process where the effects of separate factors combine in a straightforward, cumulative manner.

Multifactorial Pattern

A pattern determined by many factors or causes that are often interrelated, especially used in the context of genetics or behavior analysis.