Five Pricing Practices Are Closely Scrutinized Because of Potential Unethical

question 173

Multiple Choice

Five pricing practices are closely scrutinized because of potential unethical or illegal actions.They include: (1) price fixing; (2) price discrimination; (3) predatory pricing; (4) geographical pricing;and (5) __________.

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

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Definitions:

Common Cause Variation

The variation in a process that is random and inherent to the process itself, as opposed to being caused by identifiable factors.

Conjugate Acid

The species formed when a base gains a proton (H+), effectively showing the protonated form of the base.

Conjugate Base

The species that remains after a Bronsted-Lowry acid has donated a proton, capable of accepting a proton to reform the acid.

Acid/Base Reaction

A chemical reaction that involves the transfer of protons (H+) between a base (proton acceptor) and an acid (proton donor).