Setting prices below cost,threatening to cut off business with suppliers,and discouraging the purchase of a competitor's products are all examples of ________.
A) planned obsolescence
B) excessive materialism
C) predatory competition
D) acquisition
E) redlining

Question

Quizplus · Accepted Answer

These are all tactics of predatory competition, in which a company attempts to gain an advantage over its competitors by engaging in unfair or aggressive business practices. Planned obsolescence refers to deliberately designing products that will need to be replaced frequently, excessive materialism does not relate to the given examples, acquisition involves purchasing or merging with another company, and redlining refers to discrimination in lending or insurance practices.

Setting Prices Below Cost,threatening to Cut Off Business with Suppliers,and