Strategies businesses employ to increase profitability

Question 1

What is a pricing strategy that charges customers different prices for the same product or service?

Answer 1

Price discrimination

Question 2

Price discrimination is?

Answer 2

A strategy that charges customers different prices for the same product or service

Question 3

A company does Marketing of more than two competing and almost identical products, that belongs to a single organization and is done to increase overall market shares it is known as?

Answer 3

Multibranding

Question 4

Predatory pricing is?

Answer 4

When goods or services are when they are sold at such a low level that other firms cannot compete and are forced to leave the market.

Question 5

Cartel conduct occurs

Answer 5

When two or more businesses work together to drive up their profit while seeming that they are still in competition with each other

Question 6

When two or more businesses work together to drive up their profit while seeming that they are still in competition with each other it is known as?

Answer 6

Cartel conduct