If you had a competitor that was selling a TV at $100, and you sold the same TV at $80 (while taking a loss) because you knew they couldnt beat your price, youre applying the .....

PRICING STRATEGIES

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

If you had a competitor that was selling a TV at $100, and you sold the same TV at $80 (while taking a loss) because you knew they couldn’t beat your price, you’re applying the ____

A	psychological pricing
B	predatory pricing
C	skimming
D	promotional pricing

Explanation:

Detailed explanation-1: -What Is Predatory Pricing? Predatory pricing is the illegal business practice of setting prices for a product unrealistically low in order to eliminate the competition. Predatory pricing violates antitrust laws, as its goal is to create a monopoly.

Detailed explanation-2: -There are four stances a firm should take in response to a competitive price threat depending on its situation: Ignore, Defend, Mitigate, or Accommodate.

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL MARKETING

PRICING STRATEGIES