Predatory pricing - Study guides, Class notes & Summaries

Beyond the enforcement of antitrust laws, collusion often fails because: a. collusion is inherently wrong and unethical. b. colluding parties refuse to accept lower profits. c. it has incentive problems associated with the "prisoners' dilemma." d. colluding parties do not like each other. - -it has incentive problems associated with the "prisoners' dilemma." Which of the following are example(s) of explicit collusion? a. Signaling to competitors to reduce output. b. Directly negoti...

price elasticity of demand - a measure of the sensitivity of demand to changes in price Competitive Pricing - When the product is priced in line with or just below competitors' prices to try to capture more of the market. Cost Plus Pricing - adding a percentage (the mark-up) to the costs of producing a product to get the price. Mark-Up - The percentage added to unit cost that makes a profit for a business when setting the price Penetration Pricing - setting a low init...

Principles of Marketing CLEP Latest Version Already Passed Marketing concept The marketing management philosophy that holds that achieving organizational goals depends on determining the needs and wants of target markets and delivering desired satisfactions more effectively and efficiently than competitors. Six Primary Marketing functions Environmental Analysis Consumer Analysis Product Planning Price Planning Promotion Planning Physical Distribution (Place) Planning Marketing mix The 4 P's o...

CRM Elements - Ans 1. Knowledge Discovery 2. Market Planning 3. Customer Interaction. 4. Analysis and Refinement 4 Regional Market Zones - Ans 1. EU 2. NAFTA 3. MERCOSUR 4. ASEAN A business sets a product price based on an attempt to drive competitors out of business. Which illegal pricing activity is this an example of? - Ans A. Price discrimination B. Price fixing C. Deceptive pricing D. Predatory pricing

Price the value paid for a product in a marketing exchange. Price is often the only thing a marketer can change quickly to respond to changes in demand, the actions of competitors, or the marketing environment. Value a customer's subjective assessment of benefits relative to costs in determining the worth of a product Factors influencing the assessment of value time constraints, price levels, perceived quality, and motivations to use available information about prices ba...

How do you set a price? -establish pricing goals -estimate demand, costs, and profits -choose a price strategy to help determine a base price -fine tune the base price w/pricing tactics Define price strategy. the initial price and gives direction for price movements over the product's life cycle Define price skimming. firm charging a high introductory price, w/heavy promotion; later decrease price (above the market) When does price skimming best function? -when there...

NMLS Exam Questions with Correct A Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct Due on Demand Clause - Answer-(Considered a predatory practice) The lender ...

World of Business module 5- Competition & Monopoly Exam With 100% Correct Answers 2024 just price - answerthe myth of the just price is laissez-faire, natural, moral, and biblical Vance- "the concept of the just price is the basis of a great deal of erroneous economic though that permeates our supposedly free market, capitalistic society" (a fallacious way of thinking, based on nebulous concepts of fairness, has attributed religious overtones, when there shouldn't be) what best suppor...

World of Business module 5- Competition & Monopoly Exam With 100% Correct Answers 2024 just price - answerthe myth of the just price is laissez-faire, natural, moral, and biblical Vance- "the concept of the just price is the basis of a great deal of erroneous economic though that permeates our supposedly free market, capitalistic society" (a fallacious way of thinking, based on nebulous concepts of fairness, has attributed religious overtones, when there shouldn't be) what best suppor...

Product Concept - * Understanding product dynamics to: -- Showcase the best qualities -- Maximum product features Sales Concept - * Seller's need to convert their product into cash Production Concept - * Consumers will favor products that are available and highly affordable * Organization should focus on improving production and distribution efficiency Marketing Concept - * Firms should analyze customer needs * Make decisions to satisfy those needs, better than the...