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The Practice of Charging a Very Low Price for a Product

question 2

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The practice of charging a very low price for a product with the intent of driving competitors out of business or out of a market is called:


Definitions:

Production Capability

A measure of the maximum output or production level that a company can sustainably achieve.

Labor Relations

The study and practice of managing the relationships between employers and their workforce, including negotiations, contract implementation, and dispute resolution.

Purchased Products

Items or goods that have been bought from a manufacturer, supplier, or retailer.

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