The Practice of Changing a Very Low Price for a Product

question 4

Multiple Choice

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

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

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Definitions:

International Trade

The exchange of goods and services across international borders, influenced by comparative advantages, exchange rates, and global economic policies.

Netherlands

A country in Northwestern Europe known for its flat landscape, canals, tulip fields, windmills, and cycling routes.

Exports

Products or services manufactured in a particular country and purchased by consumers in a different country, adding to the national income of the exporter.

Imports

Products or services that are transported into a country from abroad with the intent of being sold.