What is the marketing term for pricing products low enough to drive competitors out of the market and subsequently raising prices?
APredatory Pricing
BDeceptive Pricing
CPrice Discrimination
DDynamic Pricing
Explanation
* Predatory Pricing sets prices below cost intentionally to eliminate competitors and create a monopolistic position.
* Once competition is removed, the firm raises prices to exploit market dominance.
* Antitrust laws strictly regulate and penalize predatory pricing practices globally.
Exam Relevance
- Topic: Pricing Strategy
- Subtopic: Legal & Ethical Pricing Issues

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