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What might happen if a business's customers feel that they are not getting the most value for their money?
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
What is an example of an unethical pricing practice?
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
Which of the following is an example of an ethical issue as it relates to predatory pricing:
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
What is an external factor that affects the price that a business charges for its products?
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
One way that many businesses use technology to reduce the costs associated with marking prices on products is by using
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
Wal-Mart and Sears attract two different types of customers because of their pricing strategies. They have established their prices based on __________ decisions.
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
Charging premium prices for lumber to hurricane victims because supply is limited is
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
What is the advantage to a business of using bar-code pricing?
customer
A local ice-cream shop prices menu items below cost in an effort to eliminate its competition.
Easier to change prices
Customers spend money elsewhere.
unethical and legal.
computer-generated tags
Economic conditions
A company prices its products low in an attempt to drive its competitors out of business.
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