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PRICING

NICE

QuestionAnswer
What is an example of an unethical pricing practice? A company prices its products low in an attempt to drive its competitors out of business.
Technology allows manufacturers to pre-print product packaging with Universal Product Codes (UPCs) which contain _______ information. pricing
Charging premium prices for lumber to hurricane victims because supply is limited is... Unethical and legal.
Which of the following is an example of an ethical issue as it relates to predatory pricing? A local ice-cream shop prices items below cost in an effort to eliminate its competition.
What would be the most appropriate pricing strategy for a business in a small town where unemployment has skyrocketed and the economy is in a downturn? Flexible pricing.
What pricing tactic might be considered questionable by some businesses? Developing a complex pricing structure.
Companies A, B, and C sell similar products. Together, they recently decided to sell their products for the same price. In what unethical activity are the businesses engaging? Price fixing.
One way that many businesses use technology to reduce the costs associated with marking prices on products is by using... Computer-generated tags.
Why do some new companies set their selling prices as low as they can? To get market share as fast as possible.
The Standard Oil Company's price-fixing tactics and monopolistic control over oil refining and distribution is the late 1800's was a major contributing factor in the enactment of which piece of legislation? Sherman Antitrust Act.
Created by: Ma_Miller