Price ________ Usually Begin When One Competitor Believes That They

question 20

Multiple Choice

Price ________ usually begin when one competitor believes that they can achieve a higher volume through lower price,or they believe that they can exert enough pressure on other competitors' profits to drive them out of business.

• A)discounts
• B)markdowns
• C)war
• D)penetration

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Definitions:

Noncompetition Clauses

Contractual agreements that restrict one party from engaging in similar business or trade in competition against another party.

Ancillary Agreements

Additional agreements that are ancillary to a main agreement, providing for supplementary details and obligations not covered in the primary contract.

Employment Contracts

Legal agreements specifying the terms and conditions of employment between an employer and employee.

Indivisible Agreement

A contract or agreement that cannot be separated into individual parts, requiring full performance by the parties involved.