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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?
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
What might happen if a business's customers feel that they are not getting the most value for their money?
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
Technology allows manufacturers to pre-print product packaging with Universal Product Codes (UPCs) which contain __________ information.
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
Why do some new companies set their selling prices as low as they can?
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
What is an example of an unethical pricing practice?
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
Charging premium prices for lumber to hurricane victims because supply is limited is
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
What is the advantage to a business of using bar-code pricing?
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
Which of the following factors should businesses consider when establishing a product's selling price
Economic conditions
Easier to change prices
pricing
A company prices its products low in an attempt to drive its competitors out of business.
Customers spend money elsewhere
Price fixing
To get market share as fast as possible
unethical and legal.
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