Question
Economics Question on Business and Economy
It is a pricing strategy in which a product or service is set at a very low price with the intention of driving competitors out of the market or creating barriers to entry for potential Competitors.
A
Penetration Pricing
B
Skimming Pricing
C
Competition Oriented Pricing
D
Predatory Pricing
Answer
Predatory Pricing
Explanation
Solution
The correct option is (D): Predatory Pricing