What Is Term Used to Describe the Pricing Practice in Effect

question 80

Multiple Choice

What is term used to describe the pricing practice in effect when a business deliberately prices below its costs in an effort to drive out competitors?

• A)competitive pricing.
• B)cost-based pricing.
• C)target pricing.
• D)predatory pricing.

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Definitions:

Community Sharing

A form of social organization where members of a group share resources and responsibilities collectively, often emphasizing mutual aid and support.

Fiske's

Refers to social psychologist Susan Fiske's work, which includes theories on social cognition and stereotypes.

Vertical Collectivism

A cultural value that emphasizes the importance of the community or group over the individual, with a strong hierarchy and loyalty to the group.

Authority Ranking

A system of organizing social relationships based on hierarchies of power and authority, where individuals' decisions or status are influenced by their position within the hierarchy.