Question

Which of the following is not an unethical marketing practice(s) in relation to pricing?

Predatory pricing

Price discrimination

Price gouging

Inadequate warranties

ans​

Answer 1

Answer:

Predatory pricing

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Answer 2

All of the given options are unethical.

• Predatory pricing means lowering the price of a product to avoid competition.
• It is unethical because it intends to hurt fellow competitors and not to help customers.
• Price discrimination is unethical because we should not discriminate among customers and show favoritism.
• After a demand or supply shock, when sellers increase the prices much above the fair price it is called Price gouging it is also unethical and illegal.
• Inadequate warranties are unethical because we have to provide the necessary guarantee when we sell a product.
• #SPJ1