Multiple Choice
Pennies (a grocery chain) opened next door to the established low cost grocery chain Price Busters. Price Busters lowered their prices to a level at which Pennies could not compete. Once Pennies was driven out of business, Price Busters increased their prices again. What is this strategy called?
A) price fixing
B) predatory pricing
C) bait and switch
D) deceptive pricing
Correct Answer:
Verified
Correct Answer:
Verified
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