Ethics in Pricing 4.02

Pressure selling, bait & switch, and strikethrough pricing are all examples of:

• Loss-Leader Pricing

• Price Fixing

• Deceptive Pricing

When a foreign company sell products at artificially low prices in another country, this is called?

• Price Fixing

• Dumping

• Deceptive Pricing

Products being sold at a loss in order to attract customers is...

• Price Fixing

• Price Discrimination

• Price Fixing

• Loss-Leader Pricing

When a company lowers their prices in the attempt to force other companies out of business is called ____. This is against antitrust laws.

• Price Fixing

• Predatory Pricing

• Price Discrimination

• Deceptive Pricing

When a seller places customers in groups based on certain attributes and charges each group a different price

• Price Discrimination

• Predatory Pricing

• Deceptive Pricing

• Price Fixing

True or False: Bait and Switch refers to advertising goods which are an apparent bargain, with the intention of substituting inferior or more expensive goods.

• True

• False

_________ is when competitors agree to raise, maintain, or possibly lower prices.

• Deceptive Pricing

• Price Discrimination

• Price Fixing

• Loss-Leader Pricing