What is term used to describe the pricing practice in effect when a business deliberately prices below its costs in an effort to drive out competitors?
A)competitive pricing.
B)cost-based pricing.
C)target pricing.
D)predatory pricing.

Question

Quizplus · Accepted Answer

Predatory pricing is the practice in which a company deliberately sets very low prices for its products or services, often below its own costs, with the intent of driving competitors out of business or preventing new ones from entering the market. It is considered illegal in some countries and can be a violation of antitrust laws.

What Is Term Used to Describe the Pricing Practice in Effect