Section 9
Pricing Legal Concerns
Book
Version 3
By Boundless
By Boundless
Boundless Marketing
Marketing
by Boundless
5 concepts
Unfair Trade Practices
Unfair business practices are oppressive or unconscionable acts by companies against consumers or other stakeholders.
Illegal Price Advertising
Deceptive price advertising uses misleading or false statements in advertising and promotion and is usually illegal.
Predatory Pricing
Predatory pricing is the practice of selling a product or service at a very low price, intending to drive competitors out of the market.
Price Discrimination
Although there are legal concerns around monopolistic practices, price discrimination is a popular tactic for capturing consumer surplus.
Price Fixing
Price fixing is a collusion between competitors in order to raise prices of a good or service, at the expense of competitive pricing.