Four pricing practices are closely scrutinized because of potentially unethical or illegal actions.They include: (1)predatory pricing; (2)price discrimination; (3)deceptive pricing; and (4)__________.
A)price discounting
B)segmentation
C)price fixing
D)delayed payment penalties
E)price positioning

Question

Quizplus · Accepted Answer

Price fixing is the fourth pricing practice that is closely scrutinized because it is considered illegal and unethical. It occurs when two or more companies agree to set prices for their products or services at a certain level, thereby eliminating competition and disadvantaging consumers. Price fixing is considered a violation of antitrust laws and can lead to significant fines and other legal penalties.

Four Pricing Practices Are Closely Scrutinized Because of Potentially Unethical