________ pricing is the practice whereby a foreign producer intentionally sells its products in the United States for less than the cost of production to undermine the competition and take control of the market.
A) Basing point
B) Spot
C) Defensive
D) Counterpoint
E) Predatory

Question

Quizplus · Accepted Answer

Predatory pricing is the strategy where a company sells its products or services at a lower price than the cost of production with the intent to eliminate competition or to establish a monopoly in the market.

________ Pricing Is the Practice Whereby a Foreign Producer Intentionally