Geographical Pricing Map C

question 189

Multiple Choice

Geographical Pricing Map C
-pricing practices are closely scrutinized because of potential unethical or illegal actions.They include: (1) price fixing; (2) predatory pricing; (3) deceptive pricing; (4) geographical pricing; and (5) __________.

• A) price discounting
• B) lateral price fixing
• C) regional rollbacks
• D) delayed payment penalties
• E) price discrimination

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Definitions:

Payment

The transfer of money, goods, or services in exchange for a product, service, or to fulfill a legal obligation.

Depreciation

A method of accounting that distributes the expense of a physical asset across its lifespan.

Fixed Asset

Long-term tangible property that a firm owns and uses in producing its income and is not expected to be consumed or converted into cash in short-term.

Market Value

Market value is the current price at which an asset or service can be bought or sold in the open market.