Given below are business practices related to pricing situations, Match the descriptions with the appropriate pricing term
-Taking advantage of consumers in need by charging them excessively high prices for necessities or basic items.
A)Price discrimination
B)Peak-load pricing
C)Price gouging
D)Price fixing
E)Dumping
F)Predatory pricing

Question

Quizplus · Accepted Answer

Price gouging refers to the practice of raising prices on essential goods to an excessively high level, often during emergencies or shortages, taking advantage of consumers' urgent needs.

Given Below Are Business Practices Related to Pricing Situations, Match