Match each type of unfair business practice with its description.

a. vendor lock-in [:1 a large company charges a price below production cost in orderto eliminate small competitors.

b. price ﬁxing |:l a group of companies agrees that all ofthem will charge the same price.

c. predatory pricing : l a company says that a wide range of products can be used with its product but this is not true.

Question

Braylon Johnston

Business

10 July, 03:11

Match each type of unfair business practice with its description.

a. vendor lock-in [:1 a large company charges a price below production cost in orderto eliminate small competitors.

b. price ﬁxing |:l a group of companies agrees that all ofthem will charge the same price.

c. predatory pricing : l a company says that a wide range of products can be used with its product but this is not true.

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Answers (1)

Know the Answer?

Kason Allison · Answer 1

The correct matching of the unfair business practices with their definition are as follow:

1. Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

2. Price fixing: a group of companies agree that all of them will charge the same price.

3. Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.